Bharti Infratel, mobile tower company, today posted 31 per cent increase in consolidated net profit at Rs 776.6 cr for the September quarter (Q2) of the current financial year. It had reported net profit of Rs 591.3 cr in the same period of last fiscal.
Bharti Infratel Chairman - Akhil Gupta said in a statement that with the conclusion of current spectrum auctions, the Indian telecom industry was gearing up for the subsequent round of network rollouts. The telecom sector is already witnessing a big increase in demand for high speed data and availability of the additional spectrum shall further spur investments from the operators towards data rollouts across the nation, he said. Gupta added that Bharti Infratel was well poised to capitalize on this opportunity and to support the telecom operators in rollout of 3G and 4G networks.
The income from operation of Bharti Infratel rose by 9 per cent to Rs 1,496.3 cr in the reported quarter from Rs 1,372.6 cr in the same period a year ago.
This morning, Bharti Infratel share price rose 1.78 per cent. Currently, the share is trading at Rs.376.40. The stock opened at Rs. 380 as compared to its previous closing at Rs.369.80. Till now, the day’s high and low of the stock is seen at Rs. 381 and Rs. 369.50 respectively. So far in the trading session of today, around 98,70,618 shares are traded on the NSE counter.
Bharti Infratel is analyzed by Dynamic Levels Researchers and analysts as the top 500 performing stocks for the current quarter among the 1700 stocks which are listed on the National Stock Exchange (NSE). Bharti Infratel is fundamentally strong and is safe for investment, as per Dynamic analysts and market experts.
In order to gain information about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Bharti Infratel share price history.
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