Airtel’s deals in private market irk its public market investors2 min read 01 Apr 2021, 05:31 PM IST
The larger concern is the company’s sudden interest in deploying capital in non-core areas. And in the absence of tariff hikes, buying interest for the stock is taking a backseat as well.
Bharti Airtel Ltd’s shares have fallen nearly 15% from their highs in early February, and now trade at ₹521 apiece. During the same time, the Nifty 100 index has risen marginally. Analysts said while the delay in the much-hoped-for tariff hikes remains a problem, institutional investors are also unhappy with some of Airtel’s recent deals in the private capital markets.
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