ADDING AIRTEL IN PORTFOLIO
Bharti Enterprises has started talks with Wal-Mart and is hoping to form a 50:50 joint venture to roll out retail outlets in India, a top company official has said.
The two companies have an equal partnership in wholesale business and the Indian partner is hopeful of replicating it in the retail business, following government's decision to allow up to 51 per cent FDI in multi-brand retail.
Bharti Enterprises Vice Chairman and MD Rajan Bharti Mittal said "talks have started" and the company is hopeful that the nature of their relationship, under which Wal-Mart became an equal partner in wholesale business despite having a chance of bringing in 100 per cent FDI, would continue.
So I am accumulating Bharti airtel in my portfolio at Rs.263 for a weightage 10%(Rs.10000).Buying 38 Airtel shares at 263 levels.So my stocks in portfolio increased to five from four.(Airtel,Bajaj finserv,Kale,Strides,Marico) and cash in hand reduced to Rs.86298 from Rs.96292
The two companies have an equal partnership in wholesale business and the Indian partner is hopeful of replicating it in the retail business, following government's decision to allow up to 51 per cent FDI in multi-brand retail.
Bharti Enterprises Vice Chairman and MD Rajan Bharti Mittal said "talks have started" and the company is hopeful that the nature of their relationship, under which Wal-Mart became an equal partner in wholesale business despite having a chance of bringing in 100 per cent FDI, would continue.
So I am accumulating Bharti airtel in my portfolio at Rs.263 for a weightage 10%(Rs.10000).Buying 38 Airtel shares at 263 levels.So my stocks in portfolio increased to five from four.(Airtel,Bajaj finserv,Kale,Strides,Marico) and cash in hand reduced to Rs.86298 from Rs.96292
| COMPANY | BUY RATE | BUY QTY | % HOLDINGS | SECTOR | TOTAL BUY VALUE | CMP | TOTAL VALUE |
|---|---|---|---|---|---|---|---|
| AIRTEL | 263 | 38 | 10 | TELECOM | 9994 | 265 | 10070 |
| BAJAJ FINSERV | 890 | 6 | 5 | NBFC | 5000 | 899 | 5394 |
| STRIDES | 800 | 6 | 5 | PHARMA | 4800 | 910 | 5460 |
| KALE CONS | 165 | 31 | 5 | SOFTWARE | 5115 | 205 | 6355 |
| MARICO | 190 | 27 | 5 | FMCG | 5130 | 205 | 5535 |
| CASH IN HAND | 86298 | ||||||
| 100000 | 119112 |
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