Nomura upgrades Bharti to buy citing operational improvement outlook
Sep 06 2013 , New Delhi
Among key takeaways from the management, the bank says voices price should continue to rise for the next two-three quarters and cash flow from the African business should improve.
Nomura adds it is not easy to analyse the forex impact for Bharti given its $10 billion foreign debt, but the company doesn't think the real impact will be significant given its financial and natural hedges.
Bharti shares are up 6.38 percent at 1450 IST.