Close [X]
Live Markets »News & Advice»Latest Stories»Latest Stories Details
Latest Stories Details
Back

Morgan Stanley downgrades Bharti Airtel

Reuters/ 21 Aug 12 | 01:06 PM
Related to : Bharti Airtel Ltd
 Bharti Airtel Ltd
tradenow

BSE   02 Dec 16 | 12:00 AM

318.75  -0.35 (-0.11%)

NSE   02 Dec 16 | 12:00 AM

318.60  0.4 (0.13%)

Morgan Stanley downgrades Bharti Airtel to "equal-weight" from "overweight" and cuts its target price to Rs 280 from Rs 366 .

Morgan Stanley says traffic growth is coming at the expense of operating margins as tariff wars in the sector bring down average revenue per minute for voice calls.

Related Stories

    No Related Stories Found
Widgets Magazine

Investment bank adds 3G rates have also been slashed in the past six months, while overall sequential data revenue growth is declining.

Bharti Airtel has suffered a rash of downgrades this month, sending shares to their lowest since October 2006 on August 10 after posting disappointing April-June earnings.

Bharti's shares down marginally.

Widgets Magazine

Sensex

Company Price Gain (%)
Bajaj Auto2,702.450.64
Cipla571.400.57
Hero Motocorp3,183.700.17
ICICI Bank259.650.12

Poll

Will the Nifty reclaim 8,500 levels by the year-end?


Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine