Airtel shares steady after CRISIL upgrade as rights issue looms

NEW DELHI: Shares of telecom major Bharti Airtel NSE 1.09 % were largely unchanged in Mumbai trading early Wednesday despite the company receiving a rating upgrade from CRISIL Rating, as investors looked sceptical of a fresh near-term upside in the telecom major’s stock after a recent rally.

Moreover, the stock consolidated after taking a heavy beating on Tuesday, when it ended as the worst performer in the Sensex stock.