Mumbai: Shares of Bharti Airtel<\/a> firmed up after the company on Tuesday said that it had received approvals for enhancing FPI<\/a> limits for its subsidiary companies<\/a> and will initiate the process to revise its foreign investment<\/a> limit to 100 per cent. 股票上涨高达6%盘中之前结束升2.2%,报578.25卢比。从2020年3月19日低点381.05 Rs,股票上涨了近52%。 孟买:股票Bharti Airtel敲定后,该公司周二表示,它已收到批准提高FPI限制它的子公司公司并将修改其启动过程外国投资限制到100%。
The stock<\/a> gained as much as 6 per cent intra-day before ending up 2.2 per cent at Rs 578.25. From its March 19, 2020 low of Rs 381.05, the stock is up nearly 52 per cent.
The company had received approval from the Department of Telecommunications last January to increase its foreign investment limit to 100 per cent of the paid up capital, but some subsidiary companies were still waiting for certain government and regulatory approvals, which led to MSCI rebalancing its index in August. This rebalancing had led to significant outflows.
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“Developments on this front could help reverse the underperformance that followed the rebalancing in August 2020,” said foreign financial services firm Morgan Stanley which has an overweight rating on the stock with a target price of Rs 680.
Sanjiv Bhasin, director, IIFL Securities said he would advise against chasing the stock after the run-up. “The stock has run up 50 per cent, but there is a lot of pent-up demand to own stocks. The sell Reliance, buy Bharti story has played out on expectation of ARPU increases, but the market is overbought and now we are not chasing the stock,” said Bhasin.
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Bharti Airtel股票飙升高等FPI点头
的股票当天上涨6%在最后2.2%至578.25卢比。从2020年3月19日低点381.05 Rs,股票上涨了近52%。
该公司去年1月收到电信部的批准,以增加其外国投资限制支付资金的100%,但是一些子公司仍等待特定的政府和监管机构的批准,导致摩根士丹利资本国际指数8月再平衡方面。这种再平衡导致了大量外流。
”在这方面的发展有助于扭转2020年8月后表现不佳的再平衡,”摩根士丹利(Morgan Stanley)表示,外国金融服务公司已一个超重的评级股票的目标价格680卢比。
桑吉夫•哈辛主任IIFL证券表示,他将反对追逐股票上涨后。“股票已经上涨了50%,但有很多被压抑的需求自己的股票。销售依赖,买Bharti故事上演的期望ARPU增加,但市场超买,现在我们不是追逐股票,”哈辛表示。
Mumbai: Shares of Bharti Airtel<\/a> firmed up after the company on Tuesday said that it had received approvals for enhancing FPI<\/a> limits for its subsidiary companies<\/a> and will initiate the process to revise its foreign investment<\/a> limit to 100 per cent.
The stock<\/a> gained as much as 6 per cent intra-day before ending up 2.2 per cent at Rs 578.25. From its March 19, 2020 low of Rs 381.05, the stock is up nearly 52 per cent.
The company had received approval from the Department of Telecommunications last January to increase its foreign investment limit to 100 per cent of the paid up capital, but some subsidiary companies were still waiting for certain government and regulatory approvals, which led to MSCI rebalancing its index in August. This rebalancing had led to significant outflows.
“Developments on this front could help reverse the underperformance that followed the rebalancing in August 2020,” said foreign financial services firm Morgan Stanley which has an overweight rating on the stock with a target price of Rs 680.
Sanjiv Bhasin, director, IIFL Securities said he would advise against chasing the stock after the run-up. “The stock has run up 50 per cent, but there is a lot of pent-up demand to own stocks. The sell Reliance, buy Bharti story has played out on expectation of ARPU increases, but the market is overbought and now we are not chasing the stock,” said Bhasin.
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