Bharti Airtel top gainer, rises 5% after 5-day fall

Shares of Bharti Airtel, the country's largest telecom operator, topped the buying list on Thursday, rising 5 percent after seeing fall in previous five consecutive sessions.

The stock plunged more than 11 percent in five days after the 2G trial court issued summons to chairman & MD Sunil Mittal and the Department of Telecommunications (DoT) slapped penalty of Rs 350 crore for providing 3G roaming services outside of its licensed zones. However, the Delhi High Court stayed that penalty imposed by the DoT.

One of its promoters Bharti Telecom acquired over eight lakh shares of the company worth around Rs 26.75 crore through market transactions.

At 11:05 hours IST, shares rallied 6 percent to Rs 297.55 on Bombay Stock Exchange.

The share touched its 52-week high Rs 370.40 and 52-week low Rs 238.50 on 25 January, 2013 and 30 August, 2012, respectively.
 
Currently, it is trading 19.67% below its 52-week high and 24.76% above its 52-week low.
 
Market capitalisation of the company currently stands at Rs 112,995.51 crore.