/ Bharti Airtel Trades Marginally Higher After Posting Q4 Results ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 10 May 2017

Bharti Airtel stock is trading higher by 0.45% at Rs 347.05 per share. BSE Telecom sector index is trading higher by 0.38% at 1265.9 levels. The other telecom stocks are also trading in positive territory.

Bharti Airtel Limited stock has declined around 3.5% in the past five trading sessions. The stock has been attracting the huge volumes for the past few trading sessions.

Bharti Airtel's Q4FY17 consolidated results for the quarter came in mixed versus street estimates. Revenue for the quarter came in 3.1 % lower than the estimated figure of Rs 22647 Cr. EBITDA for the quarter came in 1.1% higher than the estimated figure of Rs 7775 Cr. And lastly, net profit for the quarter came in 10.6% higher than the estimated figure of Rs 425 Cr.

As per the market analysts, there are no near-term triggers to hit the stock. The Reliance Jio’s attractive plans may have hit the company’s top-line and bottom-line numbers.

The major indices in the markets are trading higher in the Wednesday’s trading session. Nifty is trading higher by 44 points at 9360 levels and Sensex is trading higher above its crucial level of 30K at 30088 levels up by 155 points.

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