Stock market news: Bharti Airtel shares slip 1%

Stock market news: Bharti Airtel shares slip 1%

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

The scrip opened at Rs 591.4 and touched an intraday high and low of Rs 595.95 and Rs 583.45, respectively, in the session so far. The stock of Bharti Airtel Ltd. quoted a 52-week high 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 money deposit of Rs 3,000 crore for spectrum auction. Vodafone Idea with negative net worth 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 at the time of writing this report.

Key Financials

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

The net profit for latest quarter stood at Rs 853.6 crore.

Shareholding pattern

As of 31-Dec-2020, DIIs held 13.95 per cent stake in the firm, while foreign institutional investors held 17.75 per cent and the promoters 36.04 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of -15.19 and a price-to-book ratio of 3.12. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

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

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