Bharti Airtel inched up 0.21% to Rs 312.70 at 10:22 IST after the net profit rose 43.10% to Rs 2296.94 crore on a 7.5% increase in total income to Rs 8927.10 crore in Q2 September 2009 over Q2 September 2008.
The result was announced during trading hours today, 30 October 2009.
Meanwhile, the BSE Sensex was up 206.30 points, or 1.29%, to 16264.11.
On BSE, 3.84 lakh shares were traded in the counter as against an average daily volume of 20.46 lakh shares in the past one quarter.
The stock hit a high of Rs 323 and a low of Rs 310.50 so far during the day. The stock had hit a 52-week high of Rs 495 on 19 May 2009 and a 52-week low of Rs 272 on 12 March 2009.
The stock had underperformed the market over the past one month till 29 October 2009, falling 25.50% as compared to the Sensex 4.75% fall. It underperformed the market in past one quarter, tumbling 26.28% as against 5.79% rise in the Sensex.
India's largest listed telecom service provider by sales has an equity capital of Rs 1898.42 crore. Face value per share is Rs 5.
The current price of Rs 312.70 discounts the company's Q1 June 2009 annualised EPS of Rs 28.31, by a PE multiple of 11.04.
On a consolidated basis, as per Indian accounting standards, the net profit jumped 35.10% to Rs 2254.17 crore on a 16.10% increase in total income to Rs 10393.06 crore in Q2 September 2009 over Q2 September 2008.
Bharti Airtel provides mobile telecommunication services in India. It also provides fixed-line, VSAT, Internet and broadband services.
