Meanwhile, BSE Sensex was down 252.44 points or 1.22% to 20,480.58.
On BSE, 10.23 lakh shares changed hands in the counter. The stock had an average daily volume of 5.85 lakh shares on BSE in past one quarter.
The stock hit a high of Rs 918.90 and a low of Rs 845.90 so far during the day. It touched a 52 week high of Rs 1,149 on 10 October 2007 and a 52 week low of Rs 612 on 11 January 2007.
Shares of India’s top cellular services provider in terms of market share underperformed the market over the past one month till 11 January 2008 declining 2.23% compared to the Sensex’s rise of 3.60%. It also underperformed the market over the past one quarter, declining 9.68% compared to Sensex’s gain of 13.08%.
The company’s current equity share capital is Rs 1,897.84 crore. Face value per share is Rs 10.
The current market price of Rs 856.10 discounts its Q2 September 2007 annualised EPS of Rs 34.13, by a PE multiple of 25.08.
Bharti Airtel is a leader in the global system for mobile (GSM) mobile communications space, and on Friday, 11 January 2008, the government allotted 4.4 megahertz of spectrum to rival company Reliance Communications (RCom) for GSM operations, in 14 of 22 telecoms service regions. RCom already operates GSM services in 8 circles of India. Meanwhile Bharti Airtel currently operating in India's 22 circles and was granted additional spectrum in two circles.
Bharti Airtel's principal activity is to provide mobile telecommunication services in India. It also provides fixed-line, VSAT, Internet and broadband services.
The company’s net profit rose 82.3% to Rs 1619.15 crore on 44.9% rise in sales to Rs 6059.89 crore in Q2 September 2007 over Q2 September 2006.
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