Bharti Airtel rings loud on the bourses

28 Dec 2016 Evaluate

Bharti Airtel is currently trading at Rs. 302.40, up by 3.00 points or 1.00% from its previous closing of Rs. 299.40 on the BSE.

The scrip opened at Rs. 299.50 and has touched a high and low of Rs. 303.60 and Rs. 297.00 respectively. So far 63933 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 384.90 on 28-Apr-2016 and a 52 week low of Rs. 282.30 on 29-Jan-2016.

Last one week high and low of the scrip stood at Rs. 306.45 and Rs. 289.25 respectively. The current market cap of the company is Rs. 120821.42 crore.

The promoters holding in the company stood at 67.14%, while institutions and non-institutions held 31.47% and 1.36% respectively.

Telecom operator Bharti Airtel has reportedly given network modernisation and expansion contract worth over $120 million to Swedish gear maker Ericsson for Delhi, as the company is looking to spruce up service and counter the threat from Reliance Jio Infocomm in the country’s most lucrative market.

The new four-year contract, being initiated in this quarter, will bring these new airwaves into use for the telco to offer enhanced coverage and capacity, thereby improving the network performance in the national capital.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

Bharti Airtel Share Price

1585.90 6.75 (0.43%)
11-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1585.90
Vodafone Idea 8.03
Indus Towers 359.55
Tata Communications 1839.95
Bharti Hexacom Ltd. 1406.15
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.