Live
- Rajender Rao is Congress candidate for Karimnagar Lok Sabha : Ponnam
- Part-2 sequel of fraud of Congress is being witnessed by people: KTR
- DK Aruna obstructed construction of Narayanapet irrigation project: Revanth
- National Panchayati Raj Day 2024: Date, History, Significance, and Observance
- Unlock Radiant Skin: 10 Essential Foods for a Glowing Complexion
- Mamata Banerjee slams judiciary over court ruling in school jobs case
- Visakhapatnam will be destiny of Andhra Pradesh: Jagan Mohan Reddy
- OpenAI GPT-5 Launch: Expected Date, Upgrades, Price and More
- RBI sees India's GDP growth trend surging past 7 per cent
- Nifty Smallcap index registers fresh all-time high
Bharti Airtel stock gives up initial gains, falls 2 pc
Bharti Airtel stock gave up initial gains on profit-booking, falling 2 per cent in line with a sluggish broader market, even as the company reported 10.1 per cent jump in consolidated net profit for the quarter ended September 30.
Mumbai: Bharti Airtel stock gave up initial gains on profit-booking, falling 2 per cent in line with a sluggish broader market, even as the company reported 10.1 per cent jump in consolidated net profit for the quarter ended September 30.
.jpg)
The stock had opened the day with a gain of 1.74 per cent was trading 1.95 per cent down at Rs 351.75 in the afternoon on the BSE. On the NSE, shares of the country's top telecom operator were down 2 per cent at Rs 351.60 after the initial spike.
Bharti Airtel on Monday reported 10.1 per cent jump in consolidated net profit to Rs 1,523 crore for the second quarter ended September 30, 2015-16 on growth in data traffic.
The company had reported a net profit of Rs 1,383 crore for the corresponding quarter of the last financial year. Net profit was down from Rs 1,554.3 crore in the previous, April-June quarter of the current fiscal.
Total revenue of the company rose 4.3 per cent to Rs 23,836 crore for the reported period compared with Rs 22,845 crore last year.
Consolidated mobile data revenues grew 49.8 per cent to Rs 3,806 crore, boosted by data traffic growth of 76.3 percent. In the broader market the BSE index, Sensex, was down 26.71 points at Rs 27,444.10.
