Bharti Infratel fell 1.45% to Rs 359.35 at 11:55 IST on BSE, after a bulk deal of 8.53 lakh shares was executed on the scrip at Rs 357.20 per share at 11:07 IST on BSE.
Meanwhile, the S&P BSE Sensex was up 186.12 points or 0.71% at 26,490.08
Bulk deal boosted volume on the Bharti Infratel scrip. On BSE, so far 10.92 lakh shares were traded in the counter as against average daily volume of 1.88 lakh shares in the past one quarter. The stock hit a high of Rs 365.95 and a low of Rs 355.70 so far during the day. The stock had hit a 52-week high of Rs 436.40 on 30 December 2015. The stock had hit a 52-week low of Rs 302.10 on 24 June 2016. The stock had outperformed the market over the past 30 days till 15 November 2016, rising 1.63% compared with 4.45% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 4.48% as against Sensex's 6.07% decline.
The large-cap firm has equity capital of Rs 1896.67 crore. Face value per share is Rs 10.
Bharti Infratel's consolidated net profit rose 30.8% to Rs 773.80 crore on 8.31% growth in total income to Rs 1801.60 crore in Q2 September 2016 over Q2 September 2015.
Bharti Infratel is a provider of telecom tower and related infrastructure.
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