Home / Markets / News / Bharti Airtel gains 5% after falling 11% in 2 trading sessions

Bharti Airtel gains 5% after falling 11% in 2 trading sessions

A lack of tariff hike visibility in the near term, success of Jio's renewed post-paid push, delayed reaction from Bharti to counter Jio will determine Airtel's stock performance, say analysts

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Till Thursday, stock of Bharti Airtel has corrected 32 per cent from its all-time high level of Rs 612 touched on May 20, 2020

SI Reporter Mumbai

2 min read Last Updated : Sep 25 2020 | 11:49 AM IST

Shares of Bharti Airtel moved higher by 5 per cent to Rs 438 on the BSE in the intra-day trade on Friday, after falling 11 per cent in the past two trading days. The stock of the telecom services provider was under pressure after Reliance Industries’ Jio on Tuesday rolled out new postpaid plans bundled with OTT (over-the-top) subscriptions.

Till Thursday, stock of Bharti Airtel has corrected 32 per cent from its all-time high level of Rs 612 touched on May 20, 2020, due to investor concerns on mobile tariff hike delay. In comparison, the S&P BSE Sensex has rallied 20

Topics : Bharti Airtel Vodafone Idea Bharti Airtel Markets telecom services OTT users

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