bharatk8 said:
hi....do u have crystal ball????......reveal ur source......if it is based on TA...be more specific....
Bharti started the upward move from 29th march’05….on 5th April it was at high of 225 from where it saw a small dip and consolidated at 208-210 range…there was again a very consolidative mood and settle at 218-220 …..on 14th May’05, It started the journey again and went up and up and up all the time….on 15th September’05, Saw a high of 344.5..there was a small dip and then all the ups and downs, but the overall mood was bullish…can see some downs in the months between nov’05-jan-06….was trading above 411 on 3rd march’06 and then saw a downtrend….touched base 382…dipped upto 379…but now at 382 would (I believe) show the bullish trend for more time…..a break above 396—402---408 and 410 are worth watching……
Now talking the moments from the month of Nov’05-
Moving up from 7th Nov 05 (high-330.20)….saw a downtrend from 27th Nov when it touched a high of 377…was into bearish mood till 17th January’06 when the high was 337.9..the magic came on 18th Jan’06 ( high-394.9 and low-322.75)..then the scrip caught fire and went up and up and up…28th Feb’06 and 2nd march’06 were another days when it saw a solid upward jerk….on 6th Mrch’06 the high was 415…there is some consolidative mood at 388-390 from this point….a move above this would be delight to watch….
Following news’ also show a very positive impact
Due to limited space, I have cut down a lot of information….Else there are a lot more in bag which were announced just within a span of couple of months….
Airtel Easy Music
Hyderabad: Airtel on March 23, launched Airtel Easy Music, which would enable its mobile subscribers to access their favourite music at the over one lakh retail outlets of the company. An Airtel mobile customer can choose a song, which would be downloaded by the retailer.
This makes Airtel the largest retailer for music not just in the country, but in the world.
Airtel Easy Music is a delight especially for customers who want to download their favorite song without having to navigate the traditional SMS or IVR route.
Bharti taking the outsourced employees on it’s own payrolls:
CHENNAI: While outsourcing is the order of the day for businesses across segments, telecom major Bharti Tele-Ventures seems to believe in the reverse. The company, which will soon be known as Bharti Airtel, had outsourced almost all first-level employees across the country. It's now bringing them all on its rolls through a newly-formed subsidiary, ComTel. An estimated 8,000-10,000 employees will move from the rolls of associate companies to ComTel. Bharti Tele had outsourced almost all employees below the rank of assistant manager, in sales, customer care and technical. The only exceptions were a few handling critical equipment like switches. Each city/circle had at least three associate companies providing the required manpower. Now, it's bringing these employees on its rolls.
The outgo per person on salary and incentives works out to around Rs 10,000 per month. This translates to an additional wage cost of 120 crore per annum. That's when ComTel came into being. The process of converting these outsourced employees under the new company's rolls is already underway. It has been completed in the North and is now on in the West. Over the next two-three months, the other regions, including the South, will be covered. Bharti Tele's move is in line with MNCs, as in the case of Scope International for StanChart. Reliance Infocomm has all its call centre staff on its rolls. Attempts to speak with Bharti Tele proved futile.
Bharti in invest 6000 Cr retail sector
March 16th Mumbai: The Bharti group is all set to make a big splash in the booming retail sector. The Sunil Mittal-controlled group, which runs the country's largest private telecom firm Bharti Tele-Ventures, is believed to have initiated talks for a joint venture with Tesco, the world's largest grocery retailer and a Fortune 500 company, to enter the food retail segment. Bharti had set up an internal team to finalise the rollout, which would see an initial investment of around Rs 6,000 crore. Bharti would enter food retail with the conventional model of setting up a chain of supermarkets, hypermarkets and convenience stores. Bharti has interest in the horticulture arena and is exploring opportunity in food retail. For now, the company is evaluating various options. Since the initiatives were at an early stage it would be premature to comment now. With the Centre permitting foreign direct investment in retail, the œ34 billion Tesco might pick up as much as 49 per cent in the joint venture. With over 2,000 stores worldwide, the principal activity of Tesco is food retailing. The proposed move gelled well with Bharti's planned entry into the agri-commodities and insurance businesses. It had announced plans to set up a life insurance venture in association with AXA Asia Pacific Holdings in August last year. The Bharti AXA Life Insurance, a 74:26 joint venture between the Indian and the French groups, committed investment of Rs 500 crore over three years. Prior to that, it had tied up with the EL Rothschild group-owned ELRO Holdings India to export fresh agriculture products to Europe and the US. It had made abortive attempts to participate in the modernisation of the Delhi and Mumbai airports. If the move fructifies, Bharti would be the latest to enter the Rs 35,000 crore domestic retail market after the Mukesh Ambani-controlled Reliance Industries' announcement to foray into the sector.
Industry watchers found a similarity between the plans of Reliance and Bharti. Both have the experience of handling consumer-centric businesses such as telecom and both have huge cash flows, which could be ploughed into the retail space. Also, they will run agri ventures simultaneously. The scope of organised retail is huge as it commands a meagre 3.5 per cent share of the total retail market. The sector is expected to grow at 26 per cent CAGR over the next few years. It is the second largest employer in the country after agriculture. Food and grocery is the least penetrated so far with maximum opportunity for growth. A couple of months ago that Tesco had sourced goods worth pound 65 million from India last year and planned to enhance it to pound 95 million this year. Tesco's sourcing from India was focused on apparel with 90 per cent of total sourcing.
HOPE NOW YOU KNOW THE MAGIC OF CRYSTAL BALL...
ganeshhity
