Block deal leads to 4.5% drop in Bharti Airtel shares
pre-market1 source ↓written by the desknot a recommendation
- to ₹1
- 4.5%
- promoter Singtel sold
- 5.1 crore shares
- representing
- 0.8% stake
- a PE
- 37.4
- median PE
- 63.3
Shares of Bharti Airtel fell 4.5% to ₹1,997.80 following a block deal where promoter Singtel sold 5.1 crore shares, representing a 0.8% stake. The market cap stands at ₹11,42,074 cr, with the stock trading at a PE of 37.4, below its median PE of 63.3. This decline highlights market sensitivity to promoter actions.
Not investment advice. For informational purposes only.