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    Trending stocks: Bharti Airtel shares gain over 1%


    A total of 185,779 shares changed hands on the counter till 10:43AM (IST).

    Total market cap of the Bharti Airtel Ltd. stood at Rs 307802.55 crore at the time of writing this report. 
    NEW DELHI: Shares of Bharti Airtel Ltd. traded 1.29 per cent up in Wednesday's trade at 10:43AM (IST). Around 185,779 shares changed hands on the counter.

    The scrip opened at Rs 574.0 and touched an intraday high and low of Rs 574.0 and Rs 561.8, respectively, in the session so far. The stock of Bharti Airtel Ltd. quoted a 52-week high of Rs 611.7 and a 52-week low of Rs 321.6.

    Total market cap of the Bharti Airtel Ltd. stood at Rs 307802.55 crore at the time of writing this report.

    The telecom operator said it has signed a pact to sell a roughly 25% stake in its data centre unit Nxtra Data for $235 million.

    Key Financials
    The company reported consolidated sales of Rs 23722.7 crore for the quarter ended 31-Mar-2020, up 8.09 per cent from previous quarter's Rs 21947.1 crore and up 15.15 per cent from the year-ago quarter's Rs 20602.2 crore.

    Shareholding pattern
    As of 31-Mar-2020, domestic institutional investors held 10.57 per cent stake in the firm, while foreign institutional investors held 20.29 per cent and the promoters 38.79 per cent.

    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of -9.56 and a price-to-book ratio of 3.01. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Bharti Airtel Ltd. belongs to the Telecommunications - Service industry.
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