BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Bharti Airtel Ltd.’s share price has declined sharply (approximately 30%) since the adjusted gross revenue verdict on September 1, 2020.
We believe this is on account of news flow of Vodafone Idea Ltd.’s fund raising, Reliance Jio postpaid plus plan launch and, most importantly, lack of good news on tariff increase.
This is in contrast to expectations of immediate announcement of price hike post the AGR case closure.
Our calculation implies that from an average revenue per user growth, market is now implying a de-growth.
However, we still maintain that 15-20% ARPU compound annual growth rate is likely and essential for survival of industry.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR