The Bharti Airtel stock was down about 5 per cent on Monday on worries that price hike, which is the single biggest trigger for the sector and the stock, may not happen in FY21. The Street expected a price hike post the verdict on the adjusted gross revenues case on September 1 and the same was to be initiated by Vodafone Idea (VIL).
However, after VIL announced plans to raise Rs 25,000 crore there are worries that a price hike might not happen immediately and may be pushed to the last quarter of FY21. In addition to this, a near-term concern is a weak set of results for the September ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
Copyrights © 2020 Business Standard Private Ltd. All rights reserved.
RECOMMENDED FOR YOU