Bharti Airtel (Code : 532454) : Bharti Enterprises is one of India’s leading business groups with interests in telecom, retail, manufacturing, agri business and financial services. Bharti Airtel, is Asia’s leading
integrated telecom services provider with operations in India and Sri Lanka. Bharti Airtel has been at the forefront of the telecom revolution and has transformed the sector with its world-class services built on leading edge technologies. Bharti Airtel has launched 16 Mbps wireline broadband. Powered by Airtel’s ‘carrier ethernet network’, the service will be initially available in New Delhi, Chennai and Bangalore and soon rolled out in Hyderabad, Pune, Mumbai and Kolkata. Angel Broking has come out with its earning estimates on telecom sector for the quarter ended March 2009. According to the research firm, Bharti Airtel’s March quarter sales are expected to go up by 34.3% to Rs 10,505 crore on QoQ basis. The company’s consolidated net profit is expected to go up by 24.4% to Rs 2,305 crore on QoQ basis. With this numbers, it makes sense buying this largest telecom
player. Buy.
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