Bharti Airtel rallies 9% in 3 days after tariff hike; zooms 50% in 6 months

Moody's Investors Service on Tuesday revised Bharti Airtel's ratings outlook to positive from stable.

Shares of Bharti Airtel continued their upmove, hitting a new high of Rs 779.70 on the BSE, after they rallied 3 per cent in Wednesday's intra-day trade. In the past three trading days, the stock of the telecom services provider has rallied 9 per cent following the announcement of increased tariffs in a range of services effective November 26.

In the past one month, the stock of Bharti Airtel has surged 12 per cent, as compared to a 3.3 per cent fall in the Sensex. Moreover, in the past three months, it has rallied 28 per cent as against