Bharti Airtel underperforms NSE in Oct-Dec on Reliance Jio worries

By: |
December 19, 2014 3:29 PM

Bharti Airtel falls 1.2 pct while NSE index gains 0.9 pct.

Bharti Airtel falls 1.2 pct while NSE index gains 0.9 pct. Shares of Bharti Airtel down 15.3 pct in Oct-Dec quarter so far vs 3.3 pct gain in NSE index.

Mukesh Ambani’s Reliance Jio may offer 4G services at cheap prices which may trigger a tariff war for data – investors.

Reliance Industries expects to start offering 4G telecom services next year.

Bharti Airtel’s foreign currency debt may also lead to mark to market losses amid emerging market currency volatility – traders.

($1 = 63.5150 Indian rupees)

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