Stock dropped Rs 29 to close at 285. That's a kill to investor and small shareholders. But business decision are not made for short term stock price in mind. Business take decision to create value in long term. Is this going to be good or bad still need to be decided. But I am still away from telecom stocks.
Airtel Market cap is 108,000 crore or almost 25 B dollars. For this stock to double market cap needs to go 50 B. I don't think that's happening in next 2 years.
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