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Brokerages remain positive on Bharti Airtel despite record Q2 loss; stock rises 9%

Updated : November 15, 2019 12:27 PM IST

The stock rose as much as 9 percent intraday to Rs 395.45 as brokerages remained positive on the stock despite weak results.
while UBS and Citi maintained a 'buy' rating on the stock, Credit Suisse raised its target price for the stock. Meanwhile, Morgan Stanley was 'equal-weight' on the stock.
The company made a provision of Rs 28,450 crore, more than 92 percent of the overall charge for exceptional items, after the Supreme Court ruling.
Brokerages remain positive on Bharti Airtel despite record Q2 loss; stock rises 9%

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