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Bharti Airtel rises over 5% on robust Q3 profit

On Monday, the company reported its net profit at Rs 2,442.2 crore, an increase of 54% year on year.

Shares of Bharti Airtel rose 5.6% to Rs 754.65 after the company reported its earning results for the quarter ending December.

On Monday, the company reported its net profit at Rs 2,442.2 crore, an increase of 54% year on year. Its revenue stood at Rs 38,339 crore, which was 6.3% higher from Rs 36,062 crore in the year-ago period.

In the last five days, the company’s stock has fallen 0.9% but has risen 9.4% in the last month. The stock has risen 45.53% in the last year and 306.68% in the last five years. 

The benchmark index Nifty 50 has risen 1.65% in the last five days and 1.83% in the last month. The index has gained 23.30% in the last year and 100.13% in the last five years. 

Source:financialexpress.com

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