Bharti Airtel surges as its arm launches ‘Bharosa Savings Account Services’

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Bharti Airtel is currently trading at Rs. 340.05, up by 4.75 points or 1.41% from its previous closing of Rs. 335.75 on the BSE.

The scrip opened at Rs. 337.00 and has touched a high and low of Rs. 342.00 and Rs. 336.05 respectively. So far 67996 shares were traded on the counter.

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The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 378.75 on 08-Aug-2019 and a 52 week low of Rs. 254.29 on 22-Oct-2018.

Last one week high and low of the scrip stood at Rs. 350.00 and Rs. 332.65 respectively. The current market cap of the company is Rs. 174435.38 crore.

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The promoters holding in the company stood at 62.71%, while Institutions and Non-Institutions held 35.19% and 2.10% respectively.

Bharti Airtel’s subsidiary — Airtel Payments Bank has launched ‘Bharosa’ savings account services, designed for deepening the financial inclusion in the country. Along with convenient banking services, Bharosa savings account would offer Rs 5 lakh personal accident insurance on maintaining balance of Rs 500 along with one debit transaction per month.

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