homemarket Newsstocks News

Bharti Airtel hits over 3 week high on strong June quarter results

Bharti Airtel hits over 3-week high on strong June-quarter results

Bharti Airtel hits over 3-week high on strong June-quarter results
Profile image

By Reuters Jul 27, 2018 1:38:58 PM IST (Published)

Shares of Bharti Airtel Ltd rose 4.5 percent to Rs 373.90, highest since July 3 after better-than-expected June quarter results.

Shares of Bharti Airtel Ltd rose 4.5 percent to Rs 373.90, highest since July 3. The company posted surprise Q1 profit on Thursday, beating analyst estimates.

Recommended Articles

View All

Airtel’s capex intensity will remain elevated, requiring it to exit Infratel post-merger and infuse more money into its wireless unit, said Ambit Capital.
Of 30 brokerages covering the stock, 22 rate it “buy” or higher, four “hold” and four “sell” or lower; median price target Rs 500, according to Thomson Reuters Eikon data.
The stock is the fourth-largest contributor to NSE and BSE indexes.
At 1.12 pm, Bharti Airtel shares traded at Rs 361.15, higher by 0.99 percent or rising by Rs 3.55 in value on the BSE.
The stock opened at Rs 363.90 and has ranged between Rs 373.35 on the upward side and Rs 351.60 on the lower side.
Also, catch all the action and updates in our Market Live blog
.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng