Bharti Airtel gains 3%, hits record high ahead of December quarter results

The telecom operator may return to profit while revenues may grow in mid-teens on a year-on-year basis, mainly on account of strong subscriber addition momentum, say analysts

Shares of Bharti Airtel hit a fresh record high of Rs 616.45, up 3 per cent on the BSE on Wednesday ahead of its October-December quarter (Q3FY21) results, scheduled to be relessed later today. The stock of the telecom services provider surpassed its previous high of Rs 611.70, touched on May 20, 2020.

On January 31, the company announced that the board of directors, in its meeting scheduled on Wednesday, February 03, 2021, shall also consider "routine financing/ re-financing strategies and any consequent raising of capital through various instruments including debentures, bonds, loans etc. either denominated in Indian rupees