Bharti Airtel rings loud after announcing a special offer

Bharti Airtel gained 1.79% to Rs 309.10 at 14:40 IST on BSE after the company announced a special offer to customers who switch to Airtel 4G.

The announcement was made after market hours yesterday, 3 January 2017.

Meanwhile, the S&P BSE Sensex was up 21.10 points or 0.08% at 26,664.34.

On the BSE, 2.74 lakh shares were traded on the counter so far as against the average daily volumes of 1.45 lakh shares in the past one quarter. The stock had hit a high of Rs 308.35 and a low of Rs 299.95 so far during the day. The stock had hit a 52-week high of Rs 384.90 on 28 April 2016 and a 52-week low of Rs 282.30 on 29 January 2016.

The stock had underperformed the market over the past one month till 3 January 2017, falling 4.74% compared with the 1.57% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, declining 4.74% as against Sensex's 5.67% decline.

The large-cap company has equity capital of Rs 1998.70 crore. Face value per share is Rs 5.

Bharti Airtel announced a special offer under which, it will offer free data for 12 months, worth up to Rs 9,000, to customers who switch to Airtel 4G. With this, customers can now experience India's fastest 4G network at great prices.

The twelve months offer is available to any customer with a 4G mobile handset that is currently not on the Airtel network. Any customer, including existing Airtel customers, upgrading to a new 4G handset can also avail this offer. This offer will be available to customer across India starting tomorrow and will close on 28 February 2017.

Customers will get free 3GB data every month till 31 December 2017 with select prepaid and postpaid packs under this offer. This free data benefit will be over and above the pack/plan benefits.

On a consolidated basis, Bharti Airtel's net profit declined 4.9% to Rs 1460.70 crore on 3.4% growth in net sales to Rs 24651.50 crore in Q2 September 2016 over Q2 September 2015.

Bharti Airtel is a leading global telecommunications company with operations in 18 countries across Asia and Africa.

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