Bharti Airtel gains on partnering with IntelliSmart Infrastructure

22 Dec 2023 Evaluate

Bharti Airtel is currently trading at Rs. 995.25, up by 16.85 points or 1.72% from its previous closing of Rs. 978.40 on the BSE.

The scrip opened at Rs. 981.15 and has touched a high and low of Rs. 998.65 and Rs. 976.00 respectively. So far 85756 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1046.35 on 05-Dec-2023 and a 52 week low of Rs. 736.20 on 02-Mar-2023.

Last one week high and low of the scrip stood at Rs. 998.80 and Rs. 959.80 respectively. The current market cap of the company is Rs. 596848.10 crore.

The promoters holding in the company stood at 54.75%, while Institutions and Non-Institutions held 41.68% and 3.58% respectively.

Bharti Airtel has formed a strategic partnership to power up to 20 million smart meters with IntelliSmart Infrastructure, a leading smart metering and digital solutions provider. This partnership also marks Airtel’s foray into high end applications such as Advance metering infrastructure and meter data management systems along with Cloud and Analytics. This is the largest such deal in the smart metering space in the country. It will significantly contribute towards Airtel’s fast-growing IoT deployment across sectors.

Airtel’s IoT proposition includes its proprietary platform the ‘Airtel IoT Hub’ which will help the utility track and monitor these smart meters with advanced analytics while maintaining extremely high reliability augmented with telco grade security. Housed on Airtel’s own cloud network, the IoT hub will allow enterprise users the capability to connect and manage billions of devices and applications in a highly secure and seamless fashion.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Bharti Airtel Share Price

1584.05 -35.60 (-2.20%)
04-Dec-2024 16:59 View Price Chart
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