BSE Sensex was down 5.95 points, or 0.03%, to 18,139.30.
On BSE, 1.83 lakh shares were traded in the counter as against an average daily volume of 5.27 lakh shares in the past one quarter.
The stock hit a high of Rs 342.05 and a low of Rs 334 so far during the day. The stock had hit a 52-week high of Rs 444.70 on 1 August 2011. The stock had hit a 52-week low of Rs 309 on 15 March 2011.
The stock had underperformed the market over the past one month until 22 February 2012, rising 1.58% compared with the Sensex's 8.40% rise. The scrip had also underperformed the market in past one quarter, falling 8.31% as against 12.95% rise in the Sensex.
India's largest telecom operator by sales has an equity capital of Rs 1898.76 crore. Face value per share is Rs 5.
Bharti acquired the African operations of Kuwaiti company Zain in 2010, including 65% of Zain Nigeria, renamed Airtel Nigeria, but a Nigerian court ruled on 30 January 2012 that its ownership of the unit was null and void because co-founder and 5% shareholder Econet had not been consulted on the transfer.
Econet reportedly claims its stake was unfairly cancelled when Zain took control in 2005, so any decision made since then without it, including the transfer to Bharti from Zain, is void. The Nigerian court upheld that claim, reports added.
Bharti Airtel's consolidated net profit as per International Financial Reporting Standards (IFRS) fell 22.40% to Rs 1011.30 crore on 17.15% increase in net sales to Rs 18476.70 crore in Q3 December 2011 over Q3 December 2010.
Bharti Airtel is a leading integrated telecommunications company with operations in 19 countries a across Asia and Africa. In India, the company's product offerings include 2G & 3G mobile services, fixed line, high speed broadband through DSL, IPTV, DTH, enterprise services including national & & international long distance services to carriers. In the rest of the geographies, it offers 2G & 3G mobile services.
No comments:
Post a Comment