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CapitalStars provides Free Trial in Intraday as well as in Positional Services of Equity, Derivatives, and Commodities and Forex Markets. We provide recommendations in NSE, BSE, MCX, NCDEX, and MCX-SX etc. We render you enough entry and exit time in our calls so clients can easily maximize their profits. Read More

Wednesday, 8 November 2017

Bharti Airtel stock drops 4.5% post block deal: 8 Nov 2017


Bharti Airtel

Shares of Bharti Airtel fell today after multiple block deals were seen on the BSE and the NSE. Around 2.19 crore shares changed hands in multiple block deals.

 Earlier today, reports said Qatar-based Three Pillars will offload its entire 5% holding in the company through block deals today. Once the trading activities commenced, Three Pillars sold 199 mn shares of Bharti Airtel at Rs 473-490 per share.

 Bharti Airtel Ltd is currently trading at Rs 490.75, down by Rs 23.6 or 4.59% from its previous closing of Rs 514.35 on the BSE. The scrip opened at Rs 496 and has touched a high and low of Rs 506.85 and Rs 480 respectively.

 Bharti Airtel is a leading telecom player offering diversified telecom services, viz., wireless, fixed line, enterprise, and DTH services. Airtel is India’s largest mobile operator with 24% subscriber market share and 31% revenue market share. The company's revenue has grown at 4.4% CAGR over FY13-17.

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1 comments:

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