BHARTI AIRTEL plunged by 5%; BSE 500 Index Up 0.2%

BHARTI AIRTEL share price has plunged 5% and is presently trading at Rs 402.

Meanwhile, the BSE 500 Index is at 14,890 (Up 0.2%).

Among the top losers in the BSE 500 Index today are BHARTI AIRTEL (down 5.39%) and IDEA CELLULAR (down 5.74%)

PC JEWELLER (up 7.25%) and MPHASIS LTD (up 5.84%) are among the top gainers today.

Over the last one year, BHARTI AIRTEL has moved up from Rs 373 to Rs 402, registering a gain of Rs 29 (up 4.66%).

The BSE 500 has moved up from 13,151 to 14,890, registering a gain of 1,739 points (up 13.02%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 947.35%), GRAPHITE INDIA (up 534.46%) and INDIABULLS VENTURES (up 269.98%).

What About the Benchmark Indices?

The BSE Sensex is at 35,389 (up 0.20%). The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 4.73%), L&T (up 0.80%) and DR. REDDYS LAB (up 0.80%). Other gainers include KOTAK MAH. BANK (up 0.75%) and COAL INDIA (up 0.67%). The most traded stocks in the BSE Sensex are ASIAN PAINTS and ICICI BANK.

In the meantime, NSE Nifty is at 10,762 (up 0.19%). ASIAN PAINTS (up 4.79%) and HPCL (up 2.14%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 30,248 to 35,389, registering a gain of 5,141 points (up 16.76%).

BHARTI AIRTEL Financial Update...

BHARTI AIRTEL net profit declined 42.0% YoY to Rs 2 billion for the quarter ended March 2018, compared to a loss of Rs 6 billion a year ago. Net Sales rose 96.6% to Rs 196.3 billion during the period as against Rs 203.2 billion in January-March 2017.

For the year ended March 2017, BHARTI AIRTEL reported 114.7% increase in net profit to Rs 54.1 billion compared to net profit of Rs 47.2 billion during FY16.

Revenue of the company grew 98.9% to Rs 955 billion during FY17.

The current Price to earnings ratio of BHARTI AIRTEL, based on rolling 12 month earnings, stands at 106.9x.

Originally published at www.equitymaster.com.

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