Bharti Airtel rallies 10% after Q4 earnings, hits 1-year high

Shares of Bharti Airtel on Tuesday zoomed 10 per cent after the company reported consolidated revenue of Rs 23,722.7 crore during the reported quarter on broad-based strength, with all segments registering healthy underlying growth.

The telco, however, posted a consolidated loss of Rs 5,237 crore for the January-March quarter of 2019-20 financial year, mainly on account of making provision for paying statutory dues.

Its stock surged 9.99 per cent to Rs 591.95 — its 52-week high — on the BSE.

On the NSE, it jumped 9.99 per cent to its one-year high of Rs 591.85.