Bharti Infratel dipped 7.5% to Rs 422 on the BSE in early morning trade. The counter reported a huge block with around 6.42 million equity shares representing 0.34% of total equity of Bharti Infratel exchanging hands on the BSE at 10:42 am, the exchange data shows.
The name of the buyers and sellers were not ascertained immediately.
At 11:29 am; Bharti Infratel was down 6% at Rs 428, while Bharti Airtel was trading 4% lower at Rs 489 on the BSE. By comparison, the S&P BSE Sensex was up 0.11% at 33,183 points.
In the past one month, Bharti Airtel (up 32%) and Bharti Infratel (up 21%) had outperformed the market by gaining more than 20%, against 5% rise in the benchmark index till Thursday.