LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » India News

Rs 199 Reliance Jio offer impact: Bharti Airtel share price plunges, investors loss at Rs 21,800 cr

Bharti Airtel share price slipped over 3 per cent, extending losses for the sixth straight session, after rival Reliance Jio last week unveiled a new post-paid Rs 199 plan at almost half the price of the going rate and with more data than those offered by Airtel, Idea or for that matter the non-listed telco Vodafone.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Rs 199 Reliance Jio offer impact: Bharti Airtel share price plunges, investors loss at Rs 21,800 cr
Bharti Airtel share price has fallen 13.6 per cent in the last six trading sessions. Image source: Reuters
Written By: ZeeBiz WebTeam
Updated: Fri, May 18, 2018
12:22 pm
ZeeBiz WebDesk
RELATED NEWS
CLSA highlights 2021 outlook for Bharti Airtel with Rs 730 target on strong growth, likely AGR relief and an inexpensive Valuation CLSA highlights 2021 outlook for Bharti Airtel with Rs 730 target on strong growth, likely AGR relief and an inexpensive Valuation
Bharti Airtel, Vodafone Idea, Scooters India to Granules India - here are top Buzzing Stocks today Bharti Airtel, Vodafone Idea, Scooters India to Granules India - here are top Buzzing Stocks today
Bharti Airtel share set to hit Rs 600 mark, says Anil SInghvi after approval for 100% FDI from DoT Bharti Airtel share set to hit Rs 600 mark, says Anil SInghvi after approval for 100% FDI from DoT
Approvals received for relevant downstream investments post FDI nod from DoT: Airtel Approvals received for relevant downstream investments post FDI nod from DoT: Airtel
Bharti Airtel share price: Focus on ARPU and spectrum auction in 2021 says HSBC Bharti Airtel share price: Focus on ARPU and spectrum auction in 2021 says HSBC

Bharti Airtel share price slipped over 3 per cent, extending losses for the sixth straight session, after rival Reliance Jio last week unveiled a new post-paid Rs 199 plan at almost half the price of the going rate and with more data than those offered by Airtel, Idea or for that matter the non-listed telco Vodafone.

Bharti Airtel stock has fallen 13.6 per cent in the last six trading sessions. By comparison, Sensex slipped just 0.6 per cent. The stock hit its 52-week low of Rs 355.10 on the BSE in today's session. Bharti Airtel has lost Rs 21,800 crore market capitalistion during the same period.

Brokerage HDFC Securities though noted that Reliance Jio is hitting hard at the profit pool of incumbents, but added that the impact of RJio’s offer is already built in to some extent post the recent price correction in Bharti Airtel and Idea. 

"We build the impact of Jio’s Hello Postpaid offer and revise our TP for Bharti to Rs 460 from Rs 487 earlier and for Idea to Rs 70 from Rs 86," the brokerage said in a report dated May 10, 2018. 

Telecom industry has already consolidated into three private players market. The brokerage believes significant blow has already been absorbed by B /V/I (EBITDA down ~55% for Bharti and 67% for Idea from peak). "B/V/I are expanding their broadband footprint and have matched Jio on tariffs with modest premium," it said. 

The brokerage further pointed out that RJio too continues to burn cash. and acquisition of Rcom’s assets would further add to its debt pile. RJio also has IPO
aspirations. 

"Jio has already grabbed 50 per cent plus of the addressable market in the smartphone segment (~200mn customers (out of 350-400mn handsets). In this backdrop, we believe price increase should take place sooner than later. This should benefit all the players including RJio. We thus remain positive on both Bharti and Idea," the brokerage explained. 

WATCH ZEE BUSINESS VIDEO HERE

In the March quarter, Bharti Airtel posted about 78 per cent drop in its consolidated net profit at Rs 83 crore, hurt by fierce tariff war and cut in international termination charges. The Sunil Bharti Mittal-led telecom firm had registered a net profit of Rs 373 crore in the same period a year ago.

Total revenue dropped by 10.5 per cent to Rs 19,634 crore in Q4 compared to Rs 21,935 crore in the corresponding period last fiscal year.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Bharti AirtelReliance Jio
RELATED NEWS
CLSA highlights 2021 outlook for Bharti Airtel with Rs 730 target on strong growth, likely AGR relief and an inexpensive Valuation CLSA highlights 2021 outlook for Bharti Airtel with Rs 730 target on strong growth, likely AGR relief and an inexpensive Valuation
Bharti Airtel, Vodafone Idea, Scooters India to Granules India - here are top Buzzing Stocks today Bharti Airtel, Vodafone Idea, Scooters India to Granules India - here are top Buzzing Stocks today
Bharti Airtel share set to hit Rs 600 mark, says Anil SInghvi after approval for 100% FDI from DoT Bharti Airtel share set to hit Rs 600 mark, says Anil SInghvi after approval for 100% FDI from DoT
Approvals received for relevant downstream investments post FDI nod from DoT: Airtel Approvals received for relevant downstream investments post FDI nod from DoT: Airtel
Bharti Airtel share price: Focus on ARPU and spectrum auction in 2021 says HSBC Bharti Airtel share price: Focus on ARPU and spectrum auction in 2021 says HSBC

LATEST NEWS

PUBG Mobile India launch date: Rumours rage with this announcement; will the Battle Royale Game make comeback? Check latest report

ICICI Bank credit card, debit card holders delight! Get discount up to 50% on essential and luxury items | check details

7th Pay Commission latest news: Salary up to Rs 2.08 plus DA, HRA; check 7th CPC details in Central Government at upsconline.nic.in

HDFC Securities highlights that 14563-14256 is the resistance/support for the Nifty in the near term

Mutual Fund NFO: PGIM India Balanced Advantage Fund launched; minimum investment Rs 5000; know last date of offer

Market Guru in talk with RJ Salil Acharya of Radio City: People Can buy IT shares when there is a correction

NPS account withdrawal: Big Announcement! PFRDA gives this facility to National Pension System (NPS) subscribers

Patna: Murdered IndiGo airlines manager's family demands CBI probe

Viral video: Leopard ''plays'' with motorists in Himachal, raises concern

Stocks to Buy: Tata Motors stock on a roll, gains 6 pct on Friday; Know why trends to remain bullish

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved