Bharti Airtel Ltd.

Bharti Airtel is currently trading at Rs. 324.85, up by 7.35 points or 2.31% from its previous closing of Rs. 317.50 on the BSE.

The scrip opened at Rs. 318.00 and has touched a high and low of Rs. 327.00 and Rs. 318.00 respectively. So far 125557 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 373.50 on 01-Nov-2013 and a 52 week low of Rs. 266.95 on 05-Apr-2013.

Last one week high and low of the scrip stood at Rs. 327.00 and Rs. 289.80 respectively. The current market cap of the company is Rs. 129995.45 crore.

The promoters holding in the company stood at 65.23% while Institutions and Non-Institutions held 24.53% and 10.24% respectively.

Bharti Airtel is reportedly planning to extend its outsourcing deal with the US-based IBM for next five years. The deal is expected to be in the range of $550-600 million, making it the largest outsourced project by an Indian telecom company. The contract is expected to be signed in a few days as the earlier one expires this month. The previous 10-year contract was for about $750 million but was gradually scaled up to about $2 billion because of the accelerated growth of Airtel’s subscriber base. The new deal will involve work in the areas of cost efficiencies, data services as well as better customer experience.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.