Wednesday 13 April 2016

Bharti Airtel rises 3%; leapfrogs others to become a pan-India 4G provider

The company's acquisition of Aircel's 4G airwaves has made India's No. 1 telco, a pan-India 4G player even before the Mukesh Ambani-owned Reliance Jio launches commercially. 

Bharti Airtel
Bharti Airtel jumped 3% to Rs. 360.20. The company's acquisition of Aircel's 4G airwaves has made India's No. 1 telco, a pan-India 4G player even before the Mukesh Ambani-owned Reliance Jio launches commercially.

Moreover, Bharti Airtel, has added the maximum number of subscribers to its account in March 2016. With the addition of 25.5 lakh subscribers, the top telco’s grand total of subscribers now stands at 251.24 million.

The scrip opened at Rs. 350 and has touched a high and low of Rs. 364.3 and Rs. 350 respectively. So far 1425783(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 139729.12 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. 352.4 and Rs. 325.7 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 above its 200 DMA.

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