Tuesday 19 May 2015

Bharti Airtel gains on acquisition plans

The stock so far has climbed to a high of Rs. 404 on the BSE. 

Bharti-Airtel1
Bharti Airtel is trading on a firm note in early morning deals on the BSE, on the back of positive news flow.

According to media reports, the firm is in advanced talk to buy out Augere Wireless Broadband India for about Rs. 150 crore to consolidate its 4G high-speed broadband footprint ahead of Reliance Jio Infocomm's launch.

So far, the stock has touched a high at Rs. 404, and is now up a percent at Rs. 402.

On the BSE 38,000 shares have been traded at the counter as against the daily average volume of 310,000 shares in the past two weeks.

Meanwhile, the BSE Sensex is down 66 points at 27,621. 

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