Bharti Infratel Stock Hits 52-wk High

Shares of Bharti Infratel stock hit 52-week high and has extended its rally as sentiment for the stock remains positive given reports that global consortium led by private equity firm KKR & Co is in talks to acquire the company and its subsidiary Indus Towers for around $11 billion.

The trading volumes on the counter doubled with a combined volume of 4.1 mn on NSE.

The stock is currently trading at Rs 433.45, up by Rs 22.85 or 5.57% from its previous closing of Rs 410.6 on the BSE.

The scrip opened at Rs 413 and has touched a high and low of Rs 438.1 and Rs 405.95 respectively. The stock is currently trading above its 100 DMA.

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