Bharti Airtel turns volatile after Q2 results

Bharti Airtel lost 0.33% to Rs 357.55 at 9:40 IST after consolidated net profit rose 10.08% to Rs 1522.70 crore on 4.33% growth in total income to Rs 23851.90 crore in Q2 September 2015 over Q2 September 2014.

The Q2 result was announced during market hours today, 26 October 2015. The results are as per International Financial Reporting Standards (IFRS).

Meanwhile, the S&P BSE Sensex was up 84.49 points or 0.31% at 27,555.30.

On BSE, so far 1.22 lakh shares were traded in the counter as against average daily volume of 2.37 lakh shares in the past one quarter.

The stock was volatile. The stock lost as much as 0.72% at the day's low of Rs 356.15 so far during the day. The stock rose as much as 2.02% at the day's high of Rs 366 so far during the day. The stock had hit a 52-week high of Rs 452.45 on 21 July 2015. The stock had hit a 52-week low of Rs 315.65 on 29 September 2015.

The stock had underperformed the market over the past one month till 23 October 2015, surging 6.11% compared with Sensex's 6.38% rise. The scrip had also underperformed the market in past one quarter, sliding 17.07% as against Sensex's 3.17% fall.

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

Bharti Airtel is one of leading global telecommunications service providers with operations in 20 countries across Asia and Africa.

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