Sudarshan Sukhani of s2analytics.com is of the view that one can sell L&T, ICICI Bank, Bharti Airtel, Capital First and HPCL and can buy JSW Steel and Escorts.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bata India, Cipla, Hindustan Unilever and Tata Elxsi and can sell Bharti Airtel.
Bharti Airtel, Vodafone India and Idea Cellular are working with handset companies to make cheaper 4G smartphones costing as low as Rs 500 effectively.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Tata Global Beverage and KPIT Technologies and can sell Bharti Airtel, IRB Infra and Reliance Infrastructure.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Ashok Leyland and can sell Fortis Healthcare.
The top Sensex gainers included Bombay Dyeing which zoomed 17 percent followed by PC Jeweller adding 14 percent. Polaris, Kadico Khaitan and Firstsource Solutions were the other gainers.
Singtel currently holds 47.17 percent stake in Bharti Telecom while Bharti Enterprises continues to hold over 50 percent stake in Bharti Telecom, it said.
"Airtel Limited...announced that Singapore Telecommunications Limited (Singtel)... will invest Rs 2,649 crore in Bharti Telecom Limited (Bharti Telecom), the promoter company of Airtel through preferential allotment of shares," Bharti Airtel said in a statement.
Yogesh Mehta, Associate VP at Motilal Oswal is of the view that one can buy Bharti Airtel and Tech Mahindra and short TVS Motor Company.
With this acquisition, Airtel Rwanda operations will become EBIDTA positive (operationally profit), making whole of Airtel's Africa business profitable at the operations level.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Infosys, TCS, Mphasis, Polaris, Tata Elxsi and Mindtree and can sell Bharti Airtel.
According to Manoj Murlidharan of Religare Securities, one can buy ITC, Bharti Airtel and GAIL India.
The market breadth was in favour of the declines on Wednesday morning with 384 stocks advancing as against 1220 declines while 405 remained unchanged. On the other hand, 673 stocks advanced and 1463 stocks declined while 87 remained unchanged on the BSE.
Reliance Jio as part of its 'Republic Day offer' will double the validity of Rs 98 pack to 28 days from the current 14 days from January 26 onwards.
The Sunil Mittal-led telecom company may post about 15 percent of the employees from the two telcos overseas, including in Africa.
The statement comes after Airtel last week posted over 39 per cent fall in consolidated net profit to about Rs 306 crore for the third quarter ended December 31, 2017.
Airtel in December signed an agreement to sell 20 percent stake in Bharti Telemedia to private equity firm Warburg Pincus for about USD 350 million.
Sharekhan is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 600 in its research report dated January 19, 2017.
The market breadth was in favour of the advances on Friday morning with 876 stocks advancing as against 697 declines while 422 remained unchanged. On the other hand, 1102 stocks advanced and 851 stocks declined while 84 remained unchanged on the BSE.
JM Financial is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 475 in its research report dated January 18, 2018.
The company's net profit stood at Rs 504 crore in the same period previous fiscal.
Analysts expect Bharti's India wireless revenue to decline 8 percent QoQ largely due to the 57 percent interconnect usage charge rate.
Merrill Lynch today offloaded shares worth Rs 1,931 crore in telecom operator Bharti Airtel, through an open market transaction.
Nomura has pegged revenue of Bharti Airtel at Rs 11,400 crore, down 7 percent QoQ and EBITDA at Rs 3,760 crore, down 11 percent QoQ.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Escorts, Indiabulls Housing and NCC while he advises holding SBI and selling Pincon Spirit and Mindtree.