BHARTI INFRATEL Plunges by 7%; BSE 500 Index Up 0.1%
October 29, 2019 09:46 AM

BHARTI INFRATEL share price has plunged 7% and is presently trading at Rs 215.

Meanwhile, the BSE 500 Index is at 15,083 (up 0.1%).

Among the top losers in the BSE 500 Index today are BHARTI INFRATEL (down 6.9%) and VODAFONE IDEA (down 5.3%).

TATA MOTORS DVR (up 13.7%) and TATA MOTORS (up 13.2%) are among the top gainers today.

Over the last one year, BHARTI INFRATEL has moved down from Rs 264 to Rs 215, registering a loss of Rs 49 (down 18.7%)..

The BSE 500 has moved up from 13,656 to 15,083, registering a gain of 1,427 points (up 10.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 133.5%), MANAPPURAM FINANCE (up 117.5%) and RELIANCE NIPPON LIFE ASSET MANAGEMENT LTD (up 105.0%).

What About the Benchmark Indices?

The BSE Sensex is at 39,393 (up 0.2%). The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 13.7%). The most traded stocks in the BSE Sensex are TATA MOTORS and TATA MOTORS DVR.

In the meantime, NSE Nifty is at 11,663 (up 0.2%). TATA MOTORS (up 13.9%) and TATA STEEL (up 3.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,067 to 39,393, registering a gain of 5,326 points (up 15.5%).

BHARTI INFRATEL Financial Update...

BHARTI INFRATEL net profit stood at Rs 5 billion for the quarter ended September 2019, compared to a profit of Rs 4 billion a year ago. Net Sales declined 3.7% to Rs 16.7 billion during the period as against Rs 17.3 billion in July-September 2018.

For the year ended March 2019, BHARTI INFRATEL reported 21.3% increase in net profit to Rs 14.8 billion compared to net profit of Rs 12.2 billion during FY18.

Revenue of the company grew 3.1% to Rs 68 billion during FY19.

The current Price to earnings ratio of BHARTI INFRATEL, based on rolling 12 month earnings, stands at 19.5x.