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CLSA reaffirmed Bharti Airtel as Indias top telecom pick, citing robust growth potential and 5G expansion. Indus Towers, Tata Communications, and others also received mixed ratings, while Vodafone Idea faces ongoing challenges.
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The IndiGo stock has underperformed following a significant miss in the companys 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization in the future, viewing the factors behind the higher costs in 2Q as temporary. The brokerage anticipates a return to more typical cost levels, which could improve the companys performance moving forward.
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The last two quarters have been pretty suboptimal in the sense the earnings were below 10%, I think so this quarter will be no different and hence from that perspective this will be a good time to build portfolios in the largecap and small and microcap segment.
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News and Media
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