Bharti Airtel gains over 3% as brokerages see limited COVID-19 impact

Shares of Bharti Airtel rose as much as 3.57 per cent to Rs 444.60 on the BSE on Tuesday after brokerage firms Morgan Stanley and Motilal Oswal remained bullish on the stock despite the disruption caused by coronavirus (Covid-19) pandemic.

At 11:08, the stock was up 0.36 per cent as compared to 2.03 per cent gain in the S&P BSE Sensex. Around 66 lakh shares have changed hands on the NSE and BSE so far.

In an exchange filing on Monday, Bharti Airtel announced special measures to assist low income group customers impacted by the Covid-19 crisis. The company has extended the validity period of more than 8 crore pre-paid connections until April 17. Further, it will also credit talk time of Rs 10 in these accounts. These benefits will be available to users in the next 48 hours, the telecom operator said.