Bharti Airtel, India’s largest telecom company, has disappointed the street with a tepid set of results for the Q1. The Net profit of the company has dipped by 24.23% on a QoQ basis to Rs 762.2 crore during the first quarter, as against the expectation of around Rs 1,075 crore.
The stock of Bharti has reacted to the results. The stock is down by 1.5%.
ICICI Bank, RIL, Infosys and SBI were all trading in the green.
All the metal stocks have been trading in the green. Jindal steel, SAIL, Hindalco and Coal India have been the top gainers on the Index.
GAIL, TCS and Tata Power are among the losing list.