Bharti Infratel jumps 4% after March quarter results, pares gains later

Shares of Bharti Infratel gained 4 per cent to Rs 172.80 on the BSE on Friday after posting a 6.89 per cent year-on-year rise in consolidated net profit at Rs 649.50 crore for the quarter ended March 31. 

However, the stock failed to hold the gains and declined over 9.6 per cent from intra-day high to as low as Rs 156.90 on the BSE. At 10:30 AM, the stock was down 5.21 per cent at Rs 157.50 against 1.43 per cent decline in S&P BSE Sensex. Around 67 lakh shares have changed hands on the counter on the NSE and BSE