Bharti Airtel – Credit Suisse is the latest brokerage firm to downgrade the stock citing increasing competition from Reliance Infotel in the wireless voice market could hurt Bharti’s profits. The stock was downgraded to under perform from neutral with a price target of INR 220. (Moneycontrol)
Stock price down 2.80 percent at INR 251.40 on the BSE.
Categories: General News