Bharti Airtel slumps on fears of increased competition
Bharti Airtel declined 3.62% to Rs 931 at 11:25 IST on BSE after rival company Reliance Communications was allocated Global System for Mobile communications spectrum in remaining 14 circles in India.
The stock hit a high of Rs 970 and a low of Rs 927.50 so far during the day. It touched a 52 week high of Rs 1,149 on 10 October 2007 and a 52 week low of Rs 612 on 11 January 2007.
Shares of India’s top cellular services provider in terms of market share underperformed the market over the past one month till 11 January 2008 declining 2.23% compared to the Sensex’s rise of 3.60%. It also underperformed the market over the past one quarter, declining 9.68% compared to Sensex’s gain of 13.08%.
The company’s current equity share capital is Rs 1,897.84 crore. Face value per share is Rs 10.
The current market price of Rs 931 discounts its Q2 September 2007 annualised EPS of Rs 34.13, by a PE multiple of 27.27.
Reliance Communications (RCom) can now operate its Global System for Mobile communications (GSM) service in remaining 14 circles to join the league of 'National Footprint' with Bharti Airtel. RCoM is already operating GSM services in 8 circles of India. Meanwhile market leader in GSM segment Bharti Airtel presently operates in India's 22 circles and was granted additional spectrum in two circles on Friday, 11 January 2008.
Bharti Airtel's principal activity is to provide mobile telecommunication services in India. It also provides fixed-line, VSAT, Internet and broadband services.
The company’s net profit rose 82.3% to Rs 1619.15 crore on 44.9% rise in sales to Rs 6059.89 crore in Q2 September 2007 over Q2 September 2006.
The stock hit a high of Rs 970 and a low of Rs 927.50 so far during the day. It touched a 52 week high of Rs 1,149 on 10 October 2007 and a 52 week low of Rs 612 on 11 January 2007.
Shares of India’s top cellular services provider in terms of market share underperformed the market over the past one month till 11 January 2008 declining 2.23% compared to the Sensex’s rise of 3.60%. It also underperformed the market over the past one quarter, declining 9.68% compared to Sensex’s gain of 13.08%.
The company’s current equity share capital is Rs 1,897.84 crore. Face value per share is Rs 10.
The current market price of Rs 931 discounts its Q2 September 2007 annualised EPS of Rs 34.13, by a PE multiple of 27.27.
Reliance Communications (RCom) can now operate its Global System for Mobile communications (GSM) service in remaining 14 circles to join the league of 'National Footprint' with Bharti Airtel. RCoM is already operating GSM services in 8 circles of India. Meanwhile market leader in GSM segment Bharti Airtel presently operates in India's 22 circles and was granted additional spectrum in two circles on Friday, 11 January 2008.
Bharti Airtel's principal activity is to provide mobile telecommunication services in India. It also provides fixed-line, VSAT, Internet and broadband services.
The company’s net profit rose 82.3% to Rs 1619.15 crore on 44.9% rise in sales to Rs 6059.89 crore in Q2 September 2007 over Q2 September 2006.
Labels: Bharti Airtel
posted by SY at 1:00 PM
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