Bharti Airtel regains Rs 3 trillion market-cap as stock surges over 5%

Analysts at ICICI Securities have a 'buy' rating on Airtel with a target price of Rs 700 per share

As shares of Bharti Airtel rallied 5.5 per cent to Rs 554 on the BSE in intra-day trade on Thursday on the back of heavy volumes, the firm regained its market capitalisation of Rs 3 trillion. The stock was trading at its highest level since September 2, 2020. 

At 01:14 am, Bharti Airtel's market capitalisation stood at Rs 3.01 trillion, the BSE data showed. The trading volumes on the counter more-than-doubled as a combined nearly 30 million equity shares changed hands on the NSE and BSE till the time of writing of this report. The stock hit a record high