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Bharti Airtel surge
While shares of new telcom companies battered at the stock markets, Bharti Airtel shares surged 6.88 per cent to close the day at Rs 385.95, becoming the best performer among the 30-Sensex blue chips.
“The Supreme Court judgement is a big blow to all the telecom companies whose licences are cancelled. Bharti is clear winner here as it was not entangled in all these issues. Major licence holders are affected and will suffer in the near term,” Ashika Stock Brokers Research Head Paras Bothra said.
While shares of new telcom companies battered at the stock markets, Bharti Airtel shares surged 6.88 per cent to close the day at Rs 385.95, becoming the best performer among the 30-Sensex blue chips.
“The Supreme Court judgement is a big blow to all the telecom companies whose licences are cancelled. Bharti is clear winner here as it was not entangled in all these issues. Major licence holders are affected and will suffer in the near term,” Ashika Stock Brokers Research Head Paras Bothra said.
