Bharti Airtel shares: Stock market news: Bharti Airtel shares slip 1%

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NEW DELHI: Shares of traded 0.81 per cent down in Friday’s commerce at 01:29PM (IST). Around 217,975 shares modified arms on the counter.

The scrip opened at Rs 591.4 and touched an intraday excessive and low of Rs 595.95 and Rs 583.45, respectively, within the session to this point. The inventory of Bharti Airtel Ltd. quoted a 52-week excessive of Rs 623.0 and a 52-week low of Rs 381.05.

Bharti Airtel with networth of Rs 71,303 crore has submitted earnest cash deposit of Rs 3,000 crore for spectrum public sale. Vodafone Idea with destructive web value of Rs 43,474 crore has submitted EMD of Rs 475 crore.

Total market cap of the Bharti Airtel Ltd. stood at Rs 320104.83 crore on the time of penning this report.

Key Financials

The firm reported consolidated web gross sales of Rs 26567.0 crore for the quarter ended 31-Dec-2020, up 2.44 per cent from earlier quarter’s Rs 25933.9 crore and up 20.64 per cent from the year-ago quarter’s Rs 22021.6 crore.

The web revenue for contemporary quarter stood at Rs 853.6 crore.

Shareholding sample

As of 31-Dec-2020, DIIs held 13.95 per cent stake within the agency, whereas international institutional traders held 17.75 per cent and the promoters 36.04 per cent.

Valuation ratio

According to BSE knowledge, the inventory traded at a P/E a number of of -15.19 and a price-to-book ratio of three.12. A better P/E ratio exhibits traders are prepared to pay the next worth due to higher future development expectations. Price-to-book worth signifies the inherent worth of an organization and is the measure of the value that traders are able to pay even for no development within the enterprise.

Bharti Airtel Ltd. belongs to the Telecommunications – Service trade.





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