April 25, 2019 / 4:10 AM / 4 months ago

BUZZ-India's Bharti Infratel falls after Q4 profit misses estimates

** Indian telecom tower operator Bharti Infratel Ltd’s shares fall as much as 4.7 pct to 287.35 rupees, their biggest pct loss since January 24

** Company posts flat Q4 profit at 6.08 billion rupees ($86.82 mln), missing estimates of 6.33 bln rupees

** Says merger process of co and Indus Towers is on track and expects it to be completed in the next few months

** Nine of 22 brokerages rate the stock ‘buy’ or equivalent, 8 have ‘hold’ while 5 rate it ‘sell’ or equivalent; median price target of 302.5 rupees - Refinitiv Eikon data

** Over 1.7 mln shares change hands in first half hour of trade, compared with 30-day average volume of 2.4 mln shares

** Stock is at its lowest since February 5 and is the top pct loser on NSE Index

$1 = 70.0300 Indian rupees

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below