Telecom stocks edge lower
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Bharti Airtel Ltd has added 2.36% over last one month compared to 1.11% gain in S&P BSE Telecom index and 0.37% rise in the SENSEX
Bharti Airtel Ltd fell 1.29% today to trade at Rs 553.3. The S&P BSE Telecom index is down 1.06% to quote at 1368.28. The index is up 1.11 % over last one month. Among the other constituents of the index, Sterlite Technologies Ltd decreased 0.93% and Vodafone Idea Ltd lost 0.69% on the day. The S&P BSE Telecom index went up 10.99 % over last one year compared to the 57.6% surge in benchmark SENSEX.
Bharti Airtel Ltd has added 2.36% over last one month compared to 1.11% gain in S&P BSE Telecom index and 0.37% rise in the SENSEX. On the BSE, 1.08 lakh shares were traded in the counter so far compared with average daily volumes of 3.96 lakh shares in the past one month. The stock hit a record high of Rs 623 on 04 Feb 2021. The stock hit a 52-week low of Rs 394.05 on 19 Oct 2020.
Bharti Airtel posts Rs 759 crore profit in Q4, revenue surges 12%
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Bharti Airtel posts Rs 759 crore profit in Q4, revenue surges 12%
Reuters / Updated: May 17, 2021, 17:12 IST
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BENGALURU: Telecom firm Bharti Airtel Ltd swung to a quarterly profit on Monday as it added more subscribers and saw increased data usage, helped by pandemic-led remote working trends.
The country s second-largest telecom operator posted a consolidated profit of Rs 759 crore ($103.62 million) for the quarter ended March 31, compared with a loss of Rs 5,237 crore a year earlier.
New Delhi-based Bharti Airtel s revenue from operations for the quarter was Rs 25,747 crore, nearly 12% higher from Rs 23,019 crore the previous year.