Bharti Infratel Falls As Operating Performance Dips Marginally; Market Focusing On Quality Companies In Current Rally: Ambit Capital

Gold Silver Reports (GSR) – Bharti Infratel Falls As Operating Performance Dips Marginally – Shares of the Gurugram-based telecom infrastructure company fell as much as 3.77 percent to Rs 315.65 after its operating profit saw a marginal dip in March quarter. Bharti Infratel’s operating profit or EBITDA fell 0.4 percent to Rs 1,606 crore in March quarter from Rs 1,613 crore in the previous quarter.                       

EBITDA margin also declined to 43.8 percent from 44.1 percent in December quarter.


Market Focusing On Quality Companies In Current Rally: Ambit Capital              

Pramod Gubbi, managing director and head of institutional equities at Ambit Capital told BloombergQuint that the market is currently focusing on quality companies in the ongoing rally.

✅ Expect current quarter earnings to be better both on sequential and yearly basis

✅ Expect dollar to strengthen further

✅ Consumption stocks valuations are on the higher side

✅ Couple of rate hikes may not dent the market sentiment

✅ Volatility has always been there in commodities market and expect it to stay

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