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Bharti Airtel gains on removing cap on free outgoing calls to other networks

Bharti Airtel is currently trading at Rs. 446.50, up by 1.75 points or 0.39% from its previous closing of Rs. 444.75 on the BSE.

The scrip opened at Rs. 448.75 and has touched a high and low of Rs. 448.75 and Rs. 441.85 respectively. So far 107758 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 485.75 on 02-Dec-2019 and a 52 week low of Rs. 259.11 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 485.75 and Rs. 441.85 respectively. The current market cap of the company is Rs. 228372.30 crore.

The promoters holding in the company stood at 62.70%, while Institutions and Non-Institutions held 35.53% and 1.74% respectively.

Bharti Airtel has removed the cap from free outgoing calls on other networks under new plans for pre-paid customers that came into effect from December 03. Earlier, the company had capped outgoing calls to network of other telecom operators at 1,000 minutes in plan with 28-days validity, 3,000 minutes in 84-days validity and 12,000 in 365 days validity plan. Beyond this limit, customers were required to pay 6 paise per minute for outgoing calls made to other networks.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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