As per the code of conduct of the firm, a pre-clearance of trades was needed from the compliance officer since the number of shares involved in the trade exceeded 50,000 scrips, to be approved in consultation with the company's chairman.
Dolat Capital Market is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 605 in its research report dated October 19, 2020.
Mobile phone connections in the country increased to 114.4 crore in July from 114 crore in June, with urban and rural connections standing at 61.9 crore and 52.1 crore respectively, according to the monthly subscribers report of the Telecom Regulatory Authority of India (TRAI).
According to ICICI Direct, Buy Bharti Airtel in range of Rs 426-436, Target: Rs 515, Stop Loss: Rs 392, Time frame: Three months.
Monthly decline rates of urban and rural mobile subscription were 0.18 percent and 0.40 percent, respectively, data showed.
Waybeo CEO Krishnan R V said the tie-up with Airtel would help the telecom company use the startups telephone-based AI services.
Operational telecom operators are expected to pay Rs 12,921 crore by March 31, of which close to 80 percent has to be paid by Vodafone Idea and Bharti Airtel.
The Supreme Court on September 1 allowed telecom companies to pay their balance AGR dues over the next 10 years
The new optical network will enable Airtel to deliver world-class customer experience through enhanced scalability, reduced latency, and improved bandwidth, claimed the companies.
The research firm revised the rating on account of easing of competition in the telecom sector, increase in 4G customer base and mobile services rates from December.
Narnolia Financial Advisors recommend buying Bharti Airtel at around Rs 490 with a stop loss of Rs 455 for higher targets of Rs 550.
This rating affirmation for Bharti Airtel comes on the back of easing of competition in the telecom sector, increase in 4G customer base and mobile services rates from December.
Sharekhan is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 710 in its research report dated September 01, 2020.
The Supreme Court directed telecom companies to pay 10 percent of the AGR dues by March 31, 2021.
The Supreme Court verdict is not as beneficial for Vodafone Idea as it is to Bharti Airtel. Vodafone was looking forward to a 20-year payment cycle which has now reduced to 10 years.
Telecom companies will submit undertaking to pay AGR dues as per Supreme Court order and will pay 10 percent upfront.
The Supreme Court has chosen to tread the middle path between ensuring that telecom companies pay up, while also trying to accommodate their legitimate concerns
The Supreme Court has directed telecom companies to pay 10 percent of the AGR dues upfront.
The Supreme Court verdict said the 10-year timeline for payment of the dues will begin from April 1, 2021.
Bharti Airtel as well as Vodafone Idea made hefty provisions with respect to AGR dues in March and June quarters 2020, and as a result, both had reported losses in same quarters.
AGR Case Highlights: A Supreme Court bench led by Justice Arun Mishra delivered the judgement on the repayment of adjusted gross revenue (AGR) dues by telecom companies.
Bharti Airtel's share price fell nearly 2 percent on August 31 following a correction in the overall market on escalation in India-China border tensions
The judgement is expected on three key points, the main one being a time frame for the staggered repayment of AGR dues by telcos.
Telecom consumer base in the country dipped to around 116.36 crore in May but service providers were able to narrow the loss of subscriber base to 57.6 lakh as compared to the previous month.
Major loss in subscriber base was recorded in the mobile telephony segment, with Bharti Airtel and Vodafone Idea losing around 47 lakh mobile customers each in May. The total wireless customer base of Airtel and Vodafone Idea dipped to 31.7 crore and 30.9 crore, respectively.