Brokerage house Jefferies revised its price targets on Bharti Airtel, upwards, after the telecom major posted June quarter earnings which were better than its estimates on several metrics. Airtel‘s improving subscriber mix, cost-led margin improvement, and improving free cash flow generation in the June quarter were strong enough reasons for the US brokerage to reiterate … Read more
, part of the telecom space, which touched a fresh record high of Rs 815 on Monday, could well surpass Rs 1,000 level in the next 2-3 quarters, based on chart patterns. The S&P BSE Sensex stock rallied more than 27 per cent from its 52-week low of Rs 629 recorded on July 14, 2022. … Read more
NEW DELHI: Notwithstanding Dalal Street’s muted reaction to ’s March quarter numbers, analysts said the telecom operator’s numbers were largely in line, and that they liked the steady Ebitda sans any tariff hike, besides addition of quality 4G subscribers, superior network capacity and the growth in home business. While earnings estimates for the telecom operator … Read more