Bharti Airtel Ltd.

Bharti Airtel is currently trading at Rs 351.50, up by 2.45 points or 0.70% from its previous closing of Rs 349.05 on the BSE.

The scrip opened at Rs 346.55 and has touched a high and low of Rs 354.60 and Rs 346.55 respectively. So far 2, 44,000 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 354.60 and Rs 338.00 respectively. The current market cap of the company is Rs 1,33,483 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 chosen Nokia Siemens Networks to establish and perate its fourth generation (4G) network in Maharashtra. The deal size ranges between Euro70-100 million spread over a 3-5 year period. The company plans to launch services in the state later this year.

This network will be constructed on TD-LTE (time division duplex long-term evolution) technology, a mobile broadband platform that delivers instant Internet access and can support video streaming and high-definition video conferencing. The 4G network deal has announced by Airtel as the first major player industry to declare 4G deal

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.