Bharti Airtel spurts 2%, extends rally on positive news flow

The stock has gained 6 per cent in the last four trading sessions when compared with a 0.4 per cent gain on the benchmark.

Bharti Airtel spurted 2 per cent in intra-day trades on Tuesday on the back of positive news flow at the counter. As of 09:45 AM, the stock traded near the high's of the day at Rs 747, with a volume of around 84,000 shares on the BSE as against the two-week daily average volume of around 2.14 lakh shares on the BSE.

Recently, the telecom major prepaid Rs 8,815 crore of spectrum dues to reduce interest expenses. This was the second such prepayment by Airtel in the last three months and comes on the back of strong cash flow generation,