Indian Share Market falls down with some stocks like "Bharti Airtel" showing 4- year low. Almost every sector closed negative.
Why Bharti Airtel shares have hit a 4-year low?
Following are the answers for the same :-
Bharti Airtel fell as much as 3.44 per cent to its lowest intraday level since October 2008 today.
1) Credit Suisse has become the latest brokerage to downgrade Bharti Airtel.
2) On Tuesday, Morgan Stanley had downgraded Bharti Airtel to "equal-weight" from "overweight" and cut its target price by nearly 25 per cent to Rs 280.
3) Pressure on profits : Intense competition has forced the carrier to pare some call prices and spend more on networks and marketing in an effort to hold market share, squeezing margins.
4) African business yet to turn around
5) High debt continues to adversely affect the company's performance
More Details - you can get from profit.ndtv.com
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