Wednesday, 27 July 2016

Bharti Infratel Shares Jump 5% on Strong Q1

Shares of Bharti Infratel surged over 5 per cent on the Bombay Stock Exchange after the company posted a growth of 71 per cent in its net profit at Rs 756 crore for the first quarter ended June 30, 2016 compared with Rs 442 crore in the same quarter last fiscal. 

Boosted by strong earnings, shares of company gained as much as 5.21 per cent in intra-day to trade at Rs 381.30 apiece on Bombay Stock Exchange. 

In a similar fashion, stocks of company advanced 3.52 per cent to Rs 376.20 apiece on National Stock Exchange.

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