Bharti Airtel snaps 2-day fall

Bharti Airtel rose 3.01% at Rs 442.15, on a strong buying support after a recent slide.

Shares of Bharti Airtel tumbled 10.19% in the past two trading sessions to settle at Rs 429.25 yesterday, 30 March 2020 from its close of Rs 478 on Thursday, 26 March 2020.

Meanwhile, Bharti Airtel on Monday (30 March) announced special measures to assist low income group customers impacted by the COVID-19 crisis. It has extended the pre-paid pack validity for over 80 million customers till 17 April 2020. All these customers will continue to get incoming calls on their Airtel mobile numbers even after the validity of their plan is exhausted.

Airtel will also credit an additional Rs 10 of talk time in the pre-paid accounts of all these 80 million customers to enable them to make calls or send SMS and therefore stay connected with their loved ones. The program has been kicked off, and these benefits will be available tousers in the next 48 hours.

These 80 million customers effectively cover all under-privileged households on the Airtel Network. These special measures will particularly benefit migrant workers and daily wage earners who may have been impacted due to the nationwide lockdown to combat COVID-19. All other customers on Airtel's network are already recharging their accounts using online platforms.

Bharti Airtel reported a consolidated net loss of Rs 1,035.20 crore in Q3 December 2019 as against a net profit of Rs 86.20 crore reported in Q3 December 2018. Net sales rose 8.48% to Rs 21,947.10 crore in Q3 December 2019 over Q3 December 2018.

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

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