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Bharti Airtel gains on introducing mobile wallet service

Bharti Airtel Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532454 | NSE: BHARTIARTL

27 Feb 2012 Evaluate

Bharti Airtel is currently trading at Rs. 343.00, up by 0.70 points or 0.20% from its previous closing of Rs. 342.30 on the BSE.

The scrip opened at Rs. 346.50 and has touched a high and low of Rs. 346.50 and Rs. 341.00 respectively. So far 17,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 444.70 on 01-Aug-2011 and a 52 week low of Rs. 309.00 on 15-Mar-2011.

Last one week high and low of the scrip stood at Rs. 362.90 and Rs. 334.00 respectively. The current market cap of the company is Rs. 1,30,255.00 crore.

The promoters holding in the company stood at 68.50% while Institutions and Non-Institutions held 25.70% and 5.81% respectively.

Bharti Airtel a leading global telecommunications company with operations in 19 countries across Asia and Africa, has introduced mobile wallet service through its wholly owned subsidiary Airtel M Commerce Services.

Customers will be able to load cash on their mobile devices through Airtel Money service and will be able to pay utility bills and recharges, shop at merchant outlets, transact online and transfer money. They can also avail themselves of discounts and offers at various merchant outlets.

The company has posted a fall of 23.37% in its net profit to Rs 1416.00 crore for the quarter ended December 31, 2011 as compared to Rs 1847.80 crore for the same quarter in the previous year. However, total income has increased by 9.86% to Rs 10523.00 crore for quarter under review as compared to Rs 9578.60 crore for the quarter ended December 31, 2010.

Bharti Airtel Share Price

1863.00 17.95 (0.97%)

21-Apr-2026 13:01 View Price Chart

Peers

Company Name	CMP
Bharti Airtel	1863.00
Vodafone Idea	9.57
Indus Towers	418.00
Tata Communications	1506.90
Bharti Hexacom Ltd.	1567.00
View more..

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Bharti Airtel gains on introducing mobile wallet service

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