Friday 22 April 2016

Bharti Infratel to consider dividend or share buyback on April 26

The board will consider the recommendations for distribution of profits of the Company till the financial year ended March 31, 2016, by way of dividend or buy back of a portion of fully paid up equity shares or a combination thereof, in its meeting scheduled to be held on April 26, 2016. 

Bharti Infratel
Bharti Infratel Ltd has now informed BSE that the board will consider the recommendations for distribution of profits of the Company till the financial year ended March 31, 2016, by way of dividend or buy back of a portion of fully paid up equity shares or a combination thereof, in its meeting scheduled to be held on April 26, 2016.

Stock view:
Bharti Infratel Ltd ended at Rs. 373.3, down by Rs. 13.2 or 3.42% from its previous closing of Rs. 386.5 on the BSE.

The scrip opened at Rs. 390 and touched a high and low of Rs. 390 and Rs. 370.9 respectively. A total of 2650071(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 70802.58 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 505 on 29-May-2015 and a 52 week low of Rs. 341.6 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 409.9 and Rs. 370.9 respectively.

The promoters holding in the company stood at 71.7 % while Institutions and Non-Institutions held 26.33 % and 1.88 % respectively.

The stock traded below its 200 DMA. 

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