Wednesday 27 July 2016

Bharti Infratel soars 3.8% post Q1 results

Total income has increased from Rs.14080 million for the quarter ended June 30, 2015 to Rs.14687 million for the quarter ended June 30, 2016.

Bharti Infratel
Bharti Infratel soared 3.8% to Rs.376.10. The company has posted a net profit after tax of Rs.7562 million for the quarter ended June 30, 2016 as compared to Rs.4424 million for the quarter ended June 30, 2015. Total Income has increased from Rs.14080 million for the quarter ended June 30, 2015 to Rs.14687 million for the quarter ended June 30, 2016.

The scrip opened at Rs. 364.8 and has touched a high and low of Rs. 381.3 and Rs. 362.1 respectively. So far 1373793(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 68735.21 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 500 on 05-Aug-2015 and a 52 week low of Rs. 302.1 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs. 371.6 and Rs. 351 respectively.

The promoters holding in the company stood at 71.7 % while Institutions and Non-Institutions held 25.96 % and 2.26 % respectively.

The stock is currently trading above its 200 DMA.

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