Bharti Airtel rebounds 15% from day's low on heavy volumes

The trading volumes on the counter jumped 6-fold with a combined 68 million equity shares representing 1.3 per cent of total equity of the company changing hands on the NSE and BSE.

Shares of Bharti Airtel moved higher by 4 per cent to Rs 376, bouncing back 15 per cent from intra-day’s low on Thursday after the company said the Government must review the impact of Supreme Court (SC) decision and find suitable ways to mitigate the financial burden on the already stressed industry.

The stock of telecom services provider tanked 10 per cent to Rs 326 in the intra-day trade after the SC rejected telecom companies’ appeal against the Union government’s definition of Adjusted Gross Revenue (AGR). The apex court will later decide on the timeframe for the operators to