Bharti Airtel up 12% from day's low on buzz of govt relief for telcos

According to a CNBC-TV 18 report, the committee of secretaries is mulling setting a minimum price for mobile calls and data.

Shares of Bharti Airtel moved higher by 9 per cent to Rs 395, bouncing back 12 per cent from its early morning low of Rs 354, on the BSE on Friday. The counter saw heavy trading volumes after reports said the government was mulling sops to revive the telecom sector.

The stock of the telecom services provider was trading close to its 52-week high of Rs 397 touched on October 14, 2019 in the intra-day deal.

According to a report by business channel CNBC-TV 18, Committee of Secretaries (CoS) was mulling setting a minimum price for mobile calls and data.