Bharti Airtel’s stock has seen a sharp movement in the past two trading sessions that followed the announcement of the closure of its mega acquisition of Zain Africa.
Given a gradual improvement in the company’s performance over the past three quarters and its current level of valuations, the downside risk to its stock looks limited.
Investors can now breathe easy. The 3G auction payout is not expected to drag down the financial performance of the auction winners as much as the Street had anticipated earlier.
The fourth quarter results of Reliance Communciations suggest that the country’s second-largest telecom operator has been the worst affected due to the intense tariff war among operators.
Acquisitions help Wipro & HCL Steal a march over TCS, Infy in sales, operating profits.
The performance of the country’s third-largest listed telecom operator barely meets the Street’s expectations.
Tech Mahindra delivered a better-than-expected performance in the March 2010 quarter backed by improved business from telecom equipment makers and BPOs, and lower staff costs.
Though the gradual revival in global IT demand bodes well for top Indian IT exporters, not all of them would be able to reap the benefits at least initially. Take, for example, Patni Computer Systems, the country’s seventh-largest IT exporter.
Though the gradual revival in global IT demand bodes well for top Indian IT exporters, not all of them would be able to reap the benefits at least initially. Take, for example, Patni Computer Systems.
Maruti Suzuki and Ambuja Cements are leading from the front as Indian companies grow at their fastest pace in 18 months, with net profits doubling from a year earlier on soaring sales and low interest expenses.
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