Why Maruti Suzuki and Bharti Airtel are one of the Top Losers Today?

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Why Maruti Suzuki and Bharti Airtel are one of the Top Losers Today?
Credit: © Reuters.

By Puneet Sikka

Investing.com -- Maruti Suzuki (NS: MRTI ) stock is down by more than 2.6% in today's trade despite the broader market Nifty down by only 0.72%. It happened after the company announced that it is expecting an impact on the production at its plants in October due to electronic components shortages. The company said that the production in October will happen at 60% of normal levels.

On the other hand, Bharti Airtel (NS: BRTI ) stock is down by 2.7% in today's trade after the Department of Telecommunications (DoT) incurred fines of around Rs 1,050 crores on Airtel and 2,000 crores on Vodafone Idea (NS: VODA ) for flouting the rules by denying Reliance (NS: RELI ) Jio Infocomm adequate points of interconnection (PoIs) in 2016. The DoT has given these companies three weeks time to pay these penalties.

This announcement comes from the precedent set by Trai in October 2016 when it ruled that the actions from Airtel, Vodafone, and Idea to deny PoIs was against the public interest.

There is a lot going in the Telecom sector. Recently the government announced a moratorium of four years on Adjusted gross revenue (AGR) and spectrum payments due to the government, which was a big relief to these telecom players.

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  • Paras Nath @Paras Nath
    Most of these BabuS are appointed as directors post their retirement by their private sector master
    Like 4
  • Paras Nath @Paras Nath
    Reliance was fined 25 lacs for share scam by SEBI Vs 1050 Cr/2050 Cr in case of Airtel/Voda... Someone being hit with kids glove and others with Iron gloves.... Corrupt BabuS can do anything to prop up their masters who throw bones to them
    Like 6
  • Gurjas Chahal @Gurjas Chahal
    Whatever relief Vodafone got from the government, will be more or less set off by this 2000 crore payable to Reliance.
    Like 1
  • Lalit Shah @Lalit Shah
    MARUTI SUZUKI IS CONDEMN CAR. PARTS ARE NOT AVAILABLE WITH COMPANY. EVEN PART LIKE BATTERY OF SX4 HYBRID NOT AVAILABLE WITH COMPANY AND IN MARKET.
    Like 1
  • Updesh Jadunath Singh @Updesh Jadunath Singh
    Reliance is the favourites of GOI’s Top bosses it can happen again and again, to destroy the other players. BSNL all ready finished being a govt entiety, now the turn of others, it is being done on the basis of complaints by reliance
    Like 10
    • AJAY KAUL @AJAY KAUL
      Seriously ? Has anyone tried BSNL in the last few decades for service ? And Vodafone , Airtel  are quite capable of defending themselves via the courts. If they accept the penalty it means they were at fault and have accepted the verdict.
      Like 0
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  • jotiba patil @jotiba patil
    yooo
    Like 0

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