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Jio shadow over Airtel, Idea stock price target

RIL suffers m-cap loss of over $2 bn in two days on concerns over profitability

Jio shadow over Airtel, Idea stock price target

IncumbenttelecomplayersBhartiAirtelandIdeaCellularsufferedhugecutsintheirstockpricetargets,asanalystsfearedJio’slaunchwoulddisruptthe$28-billionIndiantelecommarket.   InfluentialforeignbrokeragesGoldmanSachs,CreditSuisseandJPMorganhavecuttheir12-monthpricetargetsforAirtelandIdeabyasmuchas19percent.SharesofLondon-listedVodafonePlc,whichderivesoveratenthofitsrevenuesfromtheIndianmarket,alsofell3percentonThursdaytotheirlowestlevelinmorethanamonth. SharesofAirtelandIdearecouped ...