Bharti Airtel's Sunil Bharti Mittal backs Jio's public listing, says ‘looking forward to a very successful IPO’
Bharti Airtel is in focus in an ipo & listings development.
· LiveMint Companies
At the India Mobile Congress, Bharti Airtel's Sunil Bharti Mittal commented on the upcoming Jio…
The analysis
Against that, the stock is -1.3% on the day at ₹1,809.70, and has returned -3.8% over three months. It sits 16% below its 52-week high. The telecom & media sector has moved +4.2% over the same period, so Bharti Airtel is running 8.0 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
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- The company directly in focus is BHARTIARTL.
- Sector exposure: Telecom & Media, Oil & Energy.
In this story
Related coverage
Vodafone Idea zooms 12% after FPO sees 6x subscription; focus shifts to allotment, listing
Ahead of Jio IPO, Airtel introduces new postpaid plans, hikes prices by 3-11%
Jio IPO listing: Likely impact on Bharti Airtel, RIL shares; MOFSL sees re-rating ahead
Not just RIL, Jio's ₹11 trn IPO could benefit Airtel investors; here's why
FPIs sell Rs 21,745 crore in second half of Sep, in oil & gas, auto & financials