Bharti Airtel rose 1.16% to Rs 332.70 at 15:16 IST on BSE after the company launched two new bundled packs for its prepaid customers with free voice calling and substantial data benefits.
The announcement was made during market hours today, 8 December 2016.Meanwhile, the S&P BSE Sensex was up 450.33 points or 1.72% at 26,687.20.
On the BSE, 87,000 shares were traded on the counter so far as against the average daily volumes of 1.56 lakh shares in the past one quarter. The stock had hit a high of Rs 333.25 and a low of Rs 328.10 so far during the day.
The stock had hit a 52-week high of Rs 384.90 on 28 April 2016 and a 52-week low of Rs 282.30 on 29 January 2016. It had outperformed the market over the past one month till 7 December 2016, advancing 7.73% compared with the Sensex's 4.45% fall. The scrip had also outperformed the market in the past one quarter, gaining 2.59% as against the Sensex's 9.3% fall.
The large-cap company has equity capital of Rs 1998.70 crore. Face value per share is Rs 5.
The Rs 145 Airtel prepaid pack provides customers unlimited calls across India, but only to other Airtel users. This Airtel pack comes with 300 MB of data for 4G-ready mobile phones, and 50MB of data to customers with basic mobile phones, which are ideally suited for web surfing and accessing light social media applications. The pack has a validity of 28 days and is available to customers across India.
The new Rs 345 pack by Airtel allows prepaid customers to make free voice calls, both local and STD, to any network in India. Along with this, buyers of the Rs 345 Airtel prepaid pack will get 1GB of 4G data. For mobile phones ideally suited for Web surfing and accessing light social media applications, the Rs 345 Airtel pack offers an additional 50MB of data. The pack has a validity of 28 days and is available to customers across India.
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The latest two packs add to Airtel's wide bouquet of innovative packs and plans for customers, offering them more flexibility. The above pack prices are for Delhi circle, it will vary circle to circle.
On a consolidated basis, Bharti Airtel's net profit declined 4.9% to Rs 1460.70 crore on 3.4% growth in net sales to Rs 24651.50 crore in Q2 September 2016 over Q2 September 2015.
Bharti Airtel is a leading global telecommunications company with operations in 18 countries across Asia and Africa.
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