The company has initiated due process for final approval from stock exchanges for updating the name change.
Adani Logistics, which held 26 percent equity stake in the company as of September 2020, sold 1.9 percent equity stake in Snowman in three consecutive sessions via open market transactions
The share touched its 52-week high Rs 295.75 and 52-week low Rs 121.25 on 02 December, 2019 and 19 March, 2020, respectively.
Motilal Oswal recommended Neutral rating on Bharti Infratel with a target price of Rs 210 in its research report dated October 23, 2020.
ICICI Direct recommended hold rating on Bharti Infratel with a target price of Rs 220 in its research report dated October 24, 2020.
Dolat Capital Market is bullish on Bharti Infratel has recommended buy rating on the stock with a target price of Rs 285 in its research report dated October 26, 2020.
Emkay Global Financial is bearish on Bharti Infratel has recommended sell rating on the stock with a target price of Rs 165 in its research report dated October 23, 2020.
Consolidated revenue grew by about 2 percent to Rs 3,695 crore during the reported quarter from Rs 3,638 crore earlier, the company said.
ICICI Securities is bullish on Bharti Infratel recommended buy rating on the stock with a target price of Rs 245 in its research report dated October 05, 2020.
Bharti Infratel has informed the exchanges that its Board of Directors discussed, in a meeting held on August 31, the scheme of arrangement with Indus Towers and related agreements, and has decided to proceed with the merger.
This is a basis cash consideration chosen by Vodafone Idea for its 11.15 percent shareholding in Indus, the company said
SBI Life would be the second insurance company to enter into Nifty50 after HDFC Life Insurance Company which included in the index from July 31
ICICI Direct recommended hold rating on Bharti Infratel with a target price of Rs 180 in its research report dated July 29, 2020.
If the rejig happens as per expectations, then SBI Life could be the first insurance company to be added to the benchmark index.
Dolat Capital is bullish on Bharti Infratel has recommended buy rating on the stock with a target price of Rs 251 in its research report dated July 28, 2020.
Emkay Global Financial is bearish on Bharti Infratel has recommended sell rating on the stock with a target price of Rs 153 in its research report dated July 28, 2020.
Motilal Oswal recommended Neutral rating on Bharti Infratel with a target price of Rs 210 in its research report dated July 28, 2020.
The company declared an interim dividend of Rs 2.30 per equity share of Rs 10 each for the financial year 2020-21
The net profit had stood at Rs 887 crore in the corresponding quarter of previous year. The company had benefited from certain one-off gains with respect to operating expenses reversal and certain tax-related reversal.
Net Sales are expected to decrease by 0.7 percent Q-o-Q (down 3 percent Y-o-Y) to Rs. 3,600.2 crore, according to ICICI Direct.