Bharti Airtel Trades Low After Having A Jolly Ride On Wednesday

The Bharti Airtel stock is trading weak in the Thursday’s trading session snapping the good rally in the Wednesday’s trading session. The markets may be witnessing profit booking after the strong upward movement on Wednesday.

The BSE Telecom index is trading lower by 0.49% at 1311 levels. Bharti Airtel is seen to drag the index.

As per the reports of leading business daily, the major telecom player in the country, Bharti Airtel is planning to commit a capital expenditure of USD 3 billion in the current financial year. They are planning to invest about USD 500 million in their African business. 

The Bharti Airtel stock has been witnessing the jolly ride on the bourses on the back of good future performance of the company in the African region.

The Indian telecom sector is presently consolidating before entering a new age of digitisation which will probably change the climate of the industry in the forthcoming years, believe experts.

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