SMIDs to large-caps shift likely if earnings gap narrows: Bharti Axa CIO
Bharti Airtel is in focus in a quarterly results development.
· Business Standard Mkts
The key issue is that high-growth mid/small-caps are stretched on valuation right now, while rest of the market appears relatively cheap, said Bharti AXA Life Insurance's CIO Rahul…
The analysis
Against that, the stock is +3.2% on the day at ₹1,852.00, and has returned -2.8% over three months. It sits 14% below its 52-week high. The telecom & media sector has moved +2.0% over the same period, so Bharti Airtel is running 4.8 points behind its peers.
For Bharti Airtel, the question is how much of this is already reflected in the price and how much re-rates the telecom & media peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is BHARTIARTL.
- Sector exposure: Telecom & Media, Insurance.
In this story
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