Bharti Airtel rises on rolling out family plans to attract prepaid users to switch to postpaid connections
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Bharti Airtel is currently trading at Rs. 764.75, up by 10.05 points or 1.33% from its previous closing of Rs. 754.70 on the BSE.
The scrip opened at Rs. 762.95 and has touched a high and low of Rs. 766.00 and Rs. 759.20 respectively. So far 16640 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 877.10 on 25-Nov-2022 and a 52 week low of Rs. 629.05 on 14-Jul-2022.
Last one week high and low of the scrip stood at Rs. 766.00 and Rs. 739.25 respectively. The current market cap of the company is Rs. 456030.41 crore.
The promoters holding in the company stood at 55.12%, while Institutions and Non-Institutions held 40.83% and 4.04% respectively.
Bharti Airtel has rolled out various family plans offering monthly data in the range of 105-320 GB as it looks to attract prepaid users to switch to postpaid connections. The new family plans are in the range of Rs 599 to Rs 1,499 per month, while Black family plans, that bundles DTH and fixed broadband service, are in the range of Rs 799 to Rs 2,299 per month.
Out of the total mobile subscriber base of 332 million, the company had 5.4 per cent postpaid users on its network in the December 2022 quarter. The postpaid customer base of Bharti Airtel grew by about 8 per cent on a year-on-year basis to 18.9 million as of December 31, 2022. These new family plans allow bundling 2-5 mobile phone connections under one plan.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
