Friday, November 7: Shares of Bharti Airtel Ltd. declined 3.5% to Rs 2,022 in Friday’s session after around 5.1 crore shares changed hands in a block deal, according to reports.
Market reports suggested that a stake worth Rs 10,300 crore, or roughly 0.8% of the company, was offloaded at a floor price of Rs 2,030 per share, though the names of the buyer and seller were not disclosed. The deal was likely executed through a block trade or offer-for-sale (OFS) route.
Earlier this week, Bharti Airtel reported a strong Q2 FY26 performance, with consolidated net profit rising 14.2% year-on-year to Rs 6,791 crore from Rs 5,948 crore in the same period last year, beating Street estimates of Rs 6,600 crore.
Revenue for the quarter increased 5.4% sequentially to Rs 52,145 crore, while EBITDA grew 6.2% to Rs 29,561 crore. The company’s EBITDA margin also expanded slightly to 56.7% from 56.3% in the previous quarter.
Following the earnings release, Bharti Airtel’s shares had touched a record high of Rs 2,135.6, but profit booking after the reported stake sale led to a sharp decline in Friday’s trade. Despite this correction, the stock has gained 26.7% year-to-date.
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