Friday, 26 February 2016

Bharti Airtel down 1%; joins hands with SoftBank

Bharti Airtel and SoftBank have joined hands to launch a five-year programme GTI 2.0, which aims to advance the existing 4G technology and enable industrialization of the 5G technology.


Bharti Airtel Ltd is currently trading at Rs. 319.3, down by Rs. 3.95 or 1.22% from its previous closing of Rs. 323.25 on the BSE.

Bharti Airtel and SoftBank have joined hands to launch a five-year programme GTI 2.0, which aims to advance the existing 4G technology and enable industrialization of the 5G technology.

The scrip opened at Rs. 329.2 and has touched a high and low of Rs. 329.2 and Rs. 318.85 respectively. So far 1526404(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 129215.96 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 452.45 on 21-Jul-2015 and a 52 week low of Rs. 282.3 on 29-Jan-2016. Last one week high and low of the scrip stood at Rs. 334.8 and Rs. 316.7 respectively.

The promoters holding in the company stood at 65.62 % while Institutions and Non-Institutions held 25.4 % and 8.93 % respectively.

The stock is currently trading below its 200 DMA.

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