Airtel’s losses lower, earnings at record levels, stock jumped 10 percent

The revenue of Bharti Airtel, the country’s second largest telecom company, has reached an all-time high. Due to this, the share price rose by more than 10 percent.

Airtel’s losses lower, earnings at record levels

The Indian stock market started with a slight increase on the third trading day of the week i.e. Wednesday. In early trade, the Sensex and Nifty have recorded an increase. During this time the Sensex reached near the 40,600 mark. While the Nifty has also jumped.

Airtel’s share price over 10 percent

In the initial trade, Airtel’s share price has reached more than 10 percent level. Let us tell you that the income of the country’s second largest telecom company Bharti Airtel reached its all-time high in the second quarter of the current financial year. The main reason for this was the increase in internet consumption and recovery. This has also helped the company to reduce its losses.

Airtel said in a statement that income during the quarter grew by 22 percent on an annual basis to Rs 25,785 crore. This is the company’s highest integrated income earned in any quarter. In the July-September period of the financial year 2020-21, the company’s loss was reduced to Rs 763 crore. In the same period of last financial year, the company had a loss of Rs 23,045 crore.

During the profit booking business in Kotak Bank, there has been profit booking in Kotak Bank. Let us know that on Tuesday, after the bank’s net profit jumped 22 percent to Rs 2,947 crore in the July-September quarter, its stock jumped nearly 12 percent.

On Tuesday, the
BSE Sensex closed at 40,522.10 points with a gain of 376.60 points, or 0.94 per cent, on the basis of thirty stocks on Tuesday. Similarly, the Nifty rose 121.65 points or 1.03 percent to 11,889.40 points. The major gainers include Kotle Bank, Nestle India, Asian Paints, Bajaj Finance, NTPC, L&T, Axis Bank and Bajaj Auto.