JP Morgan, BofA Securities downgrade Airtel ratings, shares fall

January 12, 2023

The brokerage said one round of tariff hikes has already been factored in and there is a risk of further increases being postponed until after the general elections in 2024. “Competition may increase with Jio getting aggressive in the postpaid market and potential entry of Adani in 5G/B2C apps,” said Salgaonkar.

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Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears

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NSE shares fall 2%, slip below IPO price, but analysts’ target prices go up to Rs 2,050. Time to buy?

NSE slipped below their Rs 1,785 IPO price on Monday, taking its market capitalisation to Rs 4.36 lakh crore. Despite the decline, brokerages remain positive

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