Bharti Airtel up on plans to list tower biz

Bharti Airtel gained on Monday after media reports quoted that the company"s armBharti Infratel islikely to file a draft prospectus with the market regulator early this week for raising Rs 50 billion through an initial public offering (IPO). Shares ofthe companyare trading at Rs 258.00, up Rs 3.45, or 1.36% at the Bombay Stock Exchange (BSE) on Monday at 10:23 a.m.The scrip has touched an intra-day high of Rs 258.65 and low of Rs 254.50. The total volume of shares traded at the BSE is 74,694.In the earlier session, the shares lost 0.39%, or Rs 1, at Rs 254.55. Currently, the stock is trading down 37.42% from its 52-week high of Rs 412.25 and above 8.18% over the 52-week low of Rs 238.50.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 245.70 8.85 3.60 1 Month 255.75 (1.20) (0.47) 3 Months 304.55 (50.00) (16.42) 6 Months 338.90 (84.35) (24.89) 1 Year 400.35 (145.80) (36.42) Note: Based on previous day closing price.