Bharti Infratel gains on bargain hunting

Bharti Infratel rose 3.11% to Rs 449.90 at 15:15 IST on BSE, with the stock gaining on bargain hunting after sliding 9.15% in prior three trading days.

Meanwhile, the S&P BSE Sensex was down 189.12 points or 0.68% at 27,622.72

On BSE, so far 77,753 shares were traded in the counter as against average daily volume of 3.24 lakh shares in the past one quarter.

The stock hit a high of Rs 457.70 and a low of Rs 427 so far during the day. The stock had hit a record high of Rs 505 on 29 May 2015. The stock had hit a 52-week low of Rs 243.90 on 8 August 2014.

The stock had underperformed the market over the past one month till 26 June 2015, sliding 5.69% compared with 1.02% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 15.7% as against Sensex's 1.29% rise.

The large-cap firm has equity capital of Rs 1896.31 crore. Face value per share is Rs 10.

Shares of Bharti Infratel had declined 9.15% in three trading days to Rs 436.35 on 26 June 2015 from a recent high of Rs 480.30 on 23 June 2015.

Bharti Infratel's consolidated net profit rose 18% to Rs 557.50 crore on 6.2% rise in total income to Rs 3116.50 crore in Q4 March 2015 over Q4 March 2014.

Bharti Infratel is a provider of telecom tower and related infrastructure.

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