For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Bharti Airtel Gains 9% Even After Massive Q2FY20 Loss; UBS Maintains ‘Buy'

|

Bharti Airtel in intra-day session on Friday gained as much as 9% to record a day's high of Rs. 395.45 on the BSE. This has come even as the telecom major hurt by AGR ruling of the Supreme Court has posted a huge loss of Rs 23,044.9 crore in Q2FY20.

Bharti Airtel Gains 9% Even After Massive Q2FY20 Loss; UBS Maintains ‘Buy'
Bharti Airtel: Quotes, News
BSE 446.85BSE Quote1.1 (0.25%)
NSE 447.50NSE Quote1.65 (0.37%)

 

The gains are led by brokerage firm UBS which has been optimistic on the stock and has maintained a buy call with a target price of Rs. 415 per share as the company has gone ahead with its investment in 4G network. Excluding one-offs, the company reported net loss of Rs 1,100 crore.

The stock of Airtel was last quoting at Rs. 385.95, up Rs. 23.30 or 6.42% on the BSE against previous close of Rs. 362.65 per share.

GoodReturns.in

Read more about: bharti airtel earnings telecom ubs
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more