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Bharti Airtel sheds 1%, Hindalco down 4%

Bharti Airtel sheds 1%, Hindalco down 4%
PTI
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First Published: Wed, Nov 10 2010. 10 44 AM IST
Updated: Wed, Nov 10 2010. 10 44 AM IST
Mumbai: Bharti Airtel on Wednesday declined over 1% in the early trade on BSE after the country’s leading telecom operator posted a 26.53% dip in its second quarter net profit.
Reacting to the lower-than-expected September quarter numbers, shares of the telecom giant declined by 1.43% to touch an early low of Rs329.25 on the Bombay Stock Exchange.
Bharti Airtel today reported a fall of 26.53% in its net profit for the second quarter ended 30 September, to Rs1,661.2 crore under the international accounting standards from Rs2,263 crore in the same period a year earlier.
Besides, the aluminium and copper producer Hindalco despite registering a 26% rise in its second quarter net profit, plunged by 4.14% to Rs 222.10 in the morning trade on BSE.
The company had yesterday posted a net profit of Rs434 crore for the July-September quarter compared to Rs344 crore in the year-ago period.
Meanwhile, the 30-share benchmark Sensex was also subdued at 20,916.95, down 15.53 points from previous close.
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First Published: Wed, Nov 10 2010. 10 44 AM IST
More Topics: Bharti Airtel | Hindalco | Share market | Sensex | BSE |