ICC World Cup starts! Team India fan? Take a look at this stock that has power akin to Kedar Jadhav
The presence of Kedar Jadhav in Team India is important because if the top order crumbles against a sharp opposition attack, he stands firm at the crease and it is this kind of determination and strength that the stock under consideration reflects. Take a look and benefit from it!
ICC World Cup 2019 has begun today and cricket fever is everywhere! Getting into the spirit of things, Zee Business TV has presented an analogy whereby the skills and strengths of the player are seen in the performances of a particular stock. And which is the stock that has the staying power of all-rounder Kedar Jadhav? None other than Bharti Airtel!
See Zee Business tweet below:
— Zee Business (@ZeeBusiness) May 30, 2019
Elaborating upon the reason for dubbing Bharti Airtel stocks the Kedar Jadhav of the Indian stock market, Zee Business TV team provides these three reasons:
1] The presence of Kedar Jadhav in Team India is important because if the top order crumbles against a sharp opposition attack, he stands firm at the crease and it is this kind of determination and strength that the stock under consideration reflects. How so? Well, Bharti Airtel has stood firm against the Reliance Jio onslaught despite a majority of telecom experts having negative views about it.
2] Kedar Jadhav has a tendency of springing surprises on rivals and Bharti Airtel does so too. After Jio launch, it began to focus on the African market and grew its business there to pare the losses it was incurring in the Indian market. As a result, in Q4FY19 ARPU (Average Revenue Per User) of Bharti Airtel grew 20 per cent while Reliance Jio ARPU went down 3 per cent.
3] Team India all-rounder Kedar Jadhav has a quality to adapt to any conditions and in the same fashion, Bharti Airtel also has a quality to adapt in accordance with the market requirement. In 2010, when the telecom sector was undergoing challenging times in the Indian market, Bharti Airtel took over Jain Telecom to grow its market size via African market penetration. Recently, Bharti Airtel announced Rs 25,000 crore rights which has been oversubscribed.