Bharti Airtel shares down nearly 2% at close

Shares of telecom major Bharti Airtel today ended nearly 2 per cent lower on profit-booking even after the company reported over two-fold jump in consolidated net profit for its third quarter ended December 31, 2014.
After rising 1.12 per cent to Rs 372 during the day, shares of Bharti Airtel finally ended at Rs 363.40, down 1.21 per cent on the BSE.
At the NSE, it lost 1.64 per cent to close at Rs 362.90.
In terms of volume, 2.44 lakh shares of the company changed hands at the BSE and over 74 lakh shares were traded at the NSE during the day.

Meanwhile, Bharti Enterprises Managing Director Manoj Kohli has resigned from the board of Bharti Airtel, marking his formal exit from the telecom business of the group.
Bharti Airtel had yesterday reported over two-fold jump in its consolidated net profit at Rs 1,436.50 crore for the three months ended December 2014 on the back of increased mobile data revenue.

Airtel had posted a net profit of Rs 610.2 crore in the same period a year ago.
The Rs 1,436.50-crore profit is the biggest for the third quarter in the last four years, the company had said.
The total revenue grew by 5.8 per cent to Rs 23,228.1 crore in the reported quarter compared to Rs 21,960.7 crore in the same period last fiscal.