BHARTIARTL - 1330870

What are the reasons behind Bharti Airtel's under-performance?

1) After the AGR Verdict its clear that the Indian market will be a 3 player market v/s earlier expectation of duopoly (JIO & Bharti).

2) Time n again Mr Mittal has said that the low ARPU's are not sustainable and thus a price hike is imminent which is not seen coming anytime soon.

3) Vodaidea went for Rs.25,000 cr fund raise which quashed Bharti's hope for a duopoly market.