Bharti Infratel Ltd. shares down 2.58% as Nifty drops

NEW DELHI: Shares of Bharti Infratel Ltd. traded 2.58 per cent down in Friday's trade at 02:13PM (IST). Around 203,234 shares changed hands on the counter.

The counter opened at Rs 205.0 and touched an intraday high and low of Rs 207.3 and Rs 200.8, respectively, in the session so far. Shares of the company of Bharti Infratel Ltd. quoted a 52-week high of Rs 295.75 and a 52-week low of Rs 121.25.

Total market cap of the Bharti Infratel Ltd. stood at Rs 37833.74 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 1682.1 crore for the quarter ended 31-Mar-2020, up 0.89 per cent from previous quarter's Rs 1667.2 crore and up 0.38 per cent from the year-ago quarter's Rs 1675.8 crore.

The net profit for latest quarter stood at Rs 649.5 crore, up 6.9 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 1.91 per cent stake in the company, while foreign institutional investors held 42.03 per cent and the promoters 53.51 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 11.47 and a price-to-book ratio of 2.79. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Bharti Infratel Ltd. belongs to the Telecommunications - Allied Services industry.