/ Bharti Infratel Touches Its New 52-W Low On Tuesday ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 31 January 2017

Bharti Infratel has touched its new 52-week low of Rs 282.70 per share. The stock is down by Rs 46 per share or 13.99% and has witnessed spurt in its volume by more than 6.25 times.

The stock witnessed addition of 2846 contracts in its Open Interest (OI), and is the top OI gainer in Tuesday’s trading session.

The stock has seen significant short built up position, and is down by over 15% in last two trading sessions after speculations of Telecom giant, Vodafone being in talks with Idea for a possible merger doing the rounds in the market, which were confirmed by Vodafone just yesterday, that is Monday.

The merger, if turned into a genuine possibility, may adversely affect the business of Infratel. Bharti Infratel Ltd is currently trading at Rs 292.6, down by Rs 36.15 or 11% from its previous closing of Rs 328.75 on the BSE.

The scrip opened at Rs 330.5 and has touched a high and low of Rs 331 and Rs 283.1 respectively. So far 14367604(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 60805.87 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 412.55 on 28-Jul-2016 and a 52 week low of Rs 302.1 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs 356.7 and Rs 327.1 respectively.

The promoters holding in the company stood at 71.96 % while Institutions and Non-Institutions held 26.13 % and 1.87 % respectively. The stock is currently trading below its 200 DMA.

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