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bharti airtel shares: What could be the next trigger for telecom stocks?


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Sectors that were out of favour in the last 5-10 years are now coming back on their own, says Anshul Saigal, Portfolio Manager & Head - PMS, Kotak Mahindra AMC. Edited excerpts from his interview with ET Now:
What is your reading of the mild consolidation seen in the market? The broader market has put up a decent show.
What is not visible to the observer of frontline indices is that there is a broad-based uplifting of stock prices in the Indian bourses. In the last 3 years, the rally was quite polarised and favoured only a few select largecaps and the so-called quality and high cash flow kind of companies. This is becoming more broad-based now. ....

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Bharti Airtel shares: Can Bharti Airtel be a strong bet for the long term?


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From the perspective of next 1-2 years, Bharti looks good but the short-term perspective remains subdued, says Hemang Jani, Equity Strategist & Senior Group VP, Motilal Oswal Financial Services. Edited excerpts from his interview with ET Now:
The smallcap index is at an all-time high. Out of the 3,000 plus stocks in the segment, over 550 of them are up by more than 4 per cent and 350 are at their 52-week highs. What do you think of this exuberance?
In the last one year or so, midcap and smallcap indices have outperformed Nifty. It will continue for some more time in certain pockets like specialty chemicals, PSUs and pharma because of earnings or overall outlook. We like Laurus Labs and Gujarat Gas. The entire PSU space is doing well. ....

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Bharti Airtel Share Price: Bharti Airtel Gains After Acquiring 355.45 MHz Spectrum For Rs 18,699 Crore


Bharti Airtel Share Price: Shares last traded 1.25 per cent higher at Rs 538.95 on the BSE.
Shares of Bharti Airtel gained around two per cent on Tuesday, March 2, after the communication service provider announced that it has acquired 355.45 MHz spectrum across Sub GHz, mid band, and 2300 MHz bands for a total amount of Rs 18,699 crores in the latest spectrum auction conducted by the government. Through the auction, Airtel has strengthened its mid band and capacity spectrum holdings that will help it provide better customer experience at the marginal capex. All of the spectrum will enable Airtel to deliver 5G services in the future. On Tuesday, Bharti Airtel opened on the BSE at Rs 542.95, touching an intraday high of Rs 543.95 and an intraday low of Rs 529.05, so far.  ....

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