Bharti Airtel rings loud amidst sluggish trade

Bharti Airtel is currently trading at Rs. 326.50, up by 4.60 points or 1.43 % from its previous closing of Rs. 321.90 on the BSE. The scrip opened at Rs. 322.00 and has touched a high and low of Rs. 329.90 and Rs. 321.30 respectively. So far 88895 shares were traded on the counter. The BSE group 'A ' stock of face value Rs. 5 has touched a 52 week high of Rs. 373.50 on 01-Nov-2013 and a 52 week low of Rs. 271.50 on 15-Apr-2013. Last one week high and low of the scrip stood at Rs. 326.00 and Rs. 312.00 respectively. The current market cap of the company is Rs. 130655.02 crore. The promoters holding in the company stood at 65.23 % while Institutions and Non-Institutions held 24.53 % and 10.24 % respectively. Bharti Airtel has hiked mobile services rates of both internet and calls under certain schemes. There has been change in Airtel services rates from April 3 onwards. Moreover, the company has reduced validity of Rs 125 mobile internet pack from 28 to 21 days. It has also reduced benefit on recharge that reduce call rates. Earlier, the company reduced STD and local call rates to 45 per minute now it will be 50 paisa per minute. There are lot many changes in such vouchers. 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.