Bharti Airtel gains more than 2% on outlook optimism

Bharti Airtel shares rose as much as 2.9 percent on Wednesday on continued hopes the government will be forced to cut the reserve prices for the remaining auctions of airwaves, thus improving the earnings outlook for the sector.
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Feb 27, 2013, 01.30 PM | Source: Reuters

Bharti Airtel gains more than 2% on outlook optimism

Bharti Airtel shares rose as much as 2.9 percent on Wednesday on continued hopes the government will be forced to cut the reserve prices for the remaining auctions of airwaves, thus improving the earnings outlook for the sector.

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Bharti Airtel gains more than 2% on outlook optimism

Bharti Airtel shares rose as much as 2.9 percent on Wednesday on continued hopes the government will be forced to cut the reserve prices for the remaining auctions of airwaves, thus improving the earnings outlook for the sector.

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Bharti Airtel gains more than 2% on outlook optimism
Bharti Airtel shares rose as much as 2.9 percent on Wednesday on continued hopes the government will be forced to cut the reserve prices for the remaining auctions of airwaves, thus improving the earnings outlook for the sector.

Shares also benefitted after Morgan Stanley raised its rating on Bharti Airtel Ltd to "overweight" from "equalweight," citing positive factors such as rising tariffs and data volumes, falling capital spending and eased competitive intensity.

Bharti shares were up 2.3 percent as of 9:28 a.m. after gaining 1.56 percent on Tuesday.

Bharti Airtel stock price

On May 31, 2016, at 09:56 hrs Bharti Airtel was quoting at Rs 350.25, down Rs 6.15, or 1.73 percent. The 52-week high of the share was Rs 452.45 and the 52-week low was Rs 282.30.


The company's trailing 12-month (TTM) EPS was at Rs 18.88 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 18.55. The latest book value of the company is Rs 214.68 per share. At current value, the price-to-book value of the company is 1.63.

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Bharti Airtel gains more than 2% on outlook optimism

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