Bharti Airtel was trading at Rs 772.40 at 9:48 a.m. on the BSE, up Rs 6.65 or 0.87 percent. It reached a high of Rs. 776.25 and a low of Rs. 764.90 over the same trading day. The share’s trading volume increased by 275.64 percent to 317,836 shares from its five-day average of 84,613 shares.
In the remaining three circles, the telecom service provider has implemented higher minimum recharge plans. reportedly took the initiative to raise entry-level tariffs. This is according to Morgan Stanley.
Source:- Communications Today
The research organization noted that prospective 4G tariff hikes and increased market share gains are the primary triggers and predicted that a tariff increase would increase revenues for the company’s India mobile unit by 1.3 to 1.5 percent.
Source: Tips In Hindi
The second-largest telecom provider in the nation announced a 91 percent increase in consolidated net profit at Rs 1,588 crore for the quarter that ended in December 2022 compared to Rs 830 crore in the same period last year. The increase was aided by stronger 4G client additions throughout the year and greater realization.
Bharti Airtel’s stock is still a buy according to CLSA, which also predicts a price of Rs 1,015 per piece.
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