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Bharti Airtel trades lower on the bourses

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

18 May 2012 Evaluate

Bharti Airtel is currently trading at Rs. 293.85, down by 4.45 points or 1.49% from its previous closing of Rs. 298.30 on the BSE.

The scrip opened at Rs. 295.00 and has touched a high and low of Rs. 295.50 and Rs. 292.60 respectively. So far 34797 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. 289.05 on 24-Apr-2012.

Last one week high and low of the scrip stood at Rs. 309.80 and Rs. 291.90 respectively. The current market cap of the company is Rs. 111590.42 crore.

The promoters holding in the company stood at 68.50 % while Institutions and Non-Institutions held 25.08 % and 6.42 % respectively.

Global telecommunications company, Bharti Airtel has slashed 3G services tariff rates by up to 70 per cent, thereby setting off battleground in the 3G space even as the industry appears to be crawling back from the savage price wars that plagued the sector for the past three years.

As per the development, the new volume based browsing rate on 3G that would go down from 10 paise per 10kb to 3 paise per 10kb, will be applicable for 3G non-pack users with effect from May 17, 2012. The offer is for those customers who have yet not subscribed for 3G service, with average high Internet speed of between 1 megabit per second to 2 mbps, under any special offer and urge to use high speed Internet as per their need.

However, the new data plan for pre-paid customers would start at Rs 10 for 30 minutes of usage over a one-day validity; Rs 45 for 150 MB data valid for 7 days and Rs 1,500 for 10 GB data valid for 30 days. Further, under another tariff plan titled ‘Smartbytes’, the company plans to offer additional data usage packs for its 3G post-paid mobile customers , which exhaust their monthly limit of high speed internet usage. The Smartbytes additional data usage packs would be available in a range of predetermined price options that allow Airtel 3G customers to choose a plan as per their needs.

The company had won 3G spectrum in 13 out of the 22 telecom circles in a government-led auction in 2010 for over Rs 12,000 crore.

Bharti Airtel Share Price

1846.55 6.20 (0.34%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bharti Airtel	1846.55
Vodafone Idea	9.62
Indus Towers	412.35
Tata Communications	1521.05
Bharti Hexacom Ltd.	1538.30
View more..

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Bharti Airtel trades lower on the bourses

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