This stock though saddling with losses due to the Supreme court order for the recovery and its competitor planning to wind off due to mounting losses may see good times ahead.
Well, we are referring to Bharti Airtel which has a massive amount to be paid to govt of India and Vodafone is saying that they are not ready to commit more money and thus competition is only left between Bharti Airtel and Reliance Jio.
This lockdown is acting as a blessing in disguise for Airtel as more and more people are getting hooked to the internet including pornography which means that more data consumption is happening and more people are talking on the phone which means average revenue per share will rise and they have already increased rates by 35% and filling their coffers.
This stock can be held with a long term perspective with targets like 525, 550,600 and higher in times to come.
Negative: Second qtr loss 2019 of Rs 24513 staring in their face with pending adjusted gross revenue (AGR) dues can be a cause of concern. The future depends on how they are able to tackle these losses and pending payments. Buy only if it sustains above 500 level.
Do remember to check stock tips for the day and start making money on a daily basis without much effort.
Well, we are referring to Bharti Airtel which has a massive amount to be paid to govt of India and Vodafone is saying that they are not ready to commit more money and thus competition is only left between Bharti Airtel and Reliance Jio.
This lockdown is acting as a blessing in disguise for Airtel as more and more people are getting hooked to the internet including pornography which means that more data consumption is happening and more people are talking on the phone which means average revenue per share will rise and they have already increased rates by 35% and filling their coffers.
This stock can be held with a long term perspective with targets like 525, 550,600 and higher in times to come.
Negative: Second qtr loss 2019 of Rs 24513 staring in their face with pending adjusted gross revenue (AGR) dues can be a cause of concern. The future depends on how they are able to tackle these losses and pending payments. Buy only if it sustains above 500 level.
Do remember to check stock tips for the day and start making money on a daily basis without much effort.
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