Comments
Shares of Bharti Airtel on Friday fell by 3 per cent on reports of CBI filing charge sheet in connection with alleged irregularities in spectrum allocation during the NDA regime involving three telecom companies.
Following the news, shares of the company fell by 3.67 per cent to Rs 305.25 on the BSE. It finally ended at Rs 307.15, down 3.08 per cent.
At NSE, the stock was down 2.68 per cent to Rs 308.40.
“The stock fell in a knee-jerk reaction to the CBI news,” CNI Research CMD Kishor Ostwal said.
The CBI today filed a charge sheet in connection with alleged irregularities in spectrum allocation during the NDA regime involving three telecom companies, including Bharti Airtel and Vodafone India.
Meanwhile, in the stock market, the BSE benchmark Sensex ended at 19,242, down 211.92 points.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.