Bharti Airtel surges 7%, hits over six-month high

Shares of Bharti Airtel hit an over six-month high of Rs 614 as they rallied 7 per cent on the BSE in intra-day trade on Thursday, in an otherwise range-bound market, as analysts believe the favourable industry structure of two players is a good enough kicker for an eventual hike in tariff as well as superior digital play in the medium to long term. The stock of the telecom services provider was trading at its highest level since February 11, 2021. It had hit a 52-week high of Rs 623 on February 4, 2021. In comparison, the S&P BSE Sensex was up 0.05 per cent at 54,396 points at 12:10 pm.