Seven companies marketcap decreases by over Rs 1 lakh crore
Last week, Nifty fell 50 points or 0.20 per cent to 24,964 and Sensex fell 307 points or 0.38 per cent to 81,381. This was the second consecutive week when the market closed in the red.
Shares price of Bharti Airtel rallied nearly 13 per cent on Wednesday after the telco reported its highest-ever quarterly consolidated revenue on the back of a rise in data usage and higher realisations.
On the BSE, company’s stock jumped 12.65 per cent to Rs 487.80 while on the NSE, it zoomed 12.61 per cent to Rs 488.
On Tuesday, Bharti Airtel Posted its highest-ever quarterly consolidated revenue on the back of a rise in data usage and higher realisations, helping it narrow losses in the July-September period.
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Consolidated revenue rose 22 per cent to Rs 25,785 crore in the September quarter while net loss narrowed to Rs 763 crore.
The quarterly showing was bolstered by an all-round growth across the portfolio, geographies and segments, and rise in average revenue per user (ARPU) as well as strong 4G additions.
The net loss (before exceptional items) for Q2 FY21 was at Rs 744 crore while loss after exceptional items stood at Rs 763 crore.
Airtel’s revenue at Rs 25,785 crore in the just-concluded quarter marked the “highest ever consolidated quarterly revenues”.
In the September quarter, India revenue rose 22 per cent year-on-year to Rs 18,747 crore led by strong 4G customer momentum.
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