Bharti Airtel is seen in strong accumulation by the Funds and HNIs, for last 45 days, making stock to rise from Rs. 400 on 20th October to Rs. 515 plus now. Infact, corporate rivalry and as usual dirty play of electronic media, scared retail and small investors in October, who exited from the stock then.Recent 4G auction by Government, to be carried in March 21, is seen positive for the stock, as stated in our today's buy call in BG Section, given to our members.
Infact, shareholding pattern as at 30-90-20, of the company is seen very interesting. Promoters are holding 56.23% stake, with FIIs, MF and Foreign bodies holding 41.23% stake. Remaining 2.54% stake is retail float, which is held by 5.38 lakh shareholders, holding total of 908 lakh shares, with an average holding of less than 170 shares, each investor. This may have marginally reduced in October month as well.
Vested interests cited debt concern at company's end, but to negate this, company recently acquired 13.30 crore shares of Bharti infratel, being 4.94% stake of that company, to raise its promoter stake to 41.66% in Infratel, for about Rs.3,200 crores.
Infact, much positive news flows are seen lined up, like foreign promoter likely to raise its stake in one of the promoter company, which will make company as Foreign owned, (while 100% FDI permission is already held by the company), as also, launching its own Satellites through group company, paying entire balance AGR dues in one go and raising tariffs, in the next 6 months.
Stock is seen giving loud and clear message, that it is due to give a big break out.