BackBharti Airtel underperforms Nifty in Oct-Dec on Reliance Jio worries
Bahrti Airtel shares were down 15.3% in the October-Decemebr quarter so far against a 3.3% gain in the Nifty
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Mumbai: Bharti Airtel Ltd fell 1.2% on Friday while the Nifty gained 0.9%.
Bahrti Airtel shares were down 15.3% in the October-Decemebr quarter so far against a 3.3% gain in the Nifty.
Mukesh Ambani’s Reliance Jio may offer 4G services at cheap prices which may trigger a tariff war for data, investors said.
Reliance Industries Ltd expects to start offering 4G telecom services next year.
Bharti Airtel’s foreign currency debt may also lead to mark to market losses amid emerging market currency volatility, according to traders. Reuters
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Published: 19 Dec 2014, 01:22 PM IST
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