Bharti Airtel May Get Into New Levels of Rs 424- 430

Bharti Airtel May Get Into New Levels of Rs 424- 430Bharti Airtel is said to probably get into its new levels of Rs 424-430 soon, as 3 leading mobile phone companies; Bharti Airtel, Reliance Communications and BSNL, have lost revenue market share in FY11.

The report which is revealed by Telcos, also recorded over 1% fall in their revenue market share, with BSNL displaying the maximum dip, coupled with a series of shocking results.

However, they made ‘significant strides’ over the last fiscal, as Idea Cellular, Vodafone Essar, Aircel and Tata Teleservices have all increased their revenue market share by 60 to 80 basis points, during the last 12 months and one basis point is said to be one ‘hundredth’ of a percentage point.

Prakash Diwan, Networth Stock Broking, said: “a reversal in the user pattern in the number of users is getting added, and probably won’t have changed significantly but I am sure that is next level of change that we will see. And same things happened to Idea as well".

Moreover, these operators are said to enjoy significant profits in their overall revenues in FY11, and Aircel's revenues from mobile services for the 12 months ended in March 2011 as well as increased by 36% to 5,620 crore, while Tata Teleservices had a 22.2% jump to 10,006 crore.