Bharti Airtel shares jump 9% on strong Q2 earnings

NEW DELHI: Shares of Bharti Airtel Ltd on Wednesday rallied nearly 9% after the telecom operator reported robust earnings for the September quarter. The stock was also the highest gainer among Nifty 50 stocks in opening trade.

Airtel stock rose to ₹470.45 on the BSE, while the benchmark Sensex was flat at 40,512.26 points.

The stock recently flirted with its post-covid lows seen in March. It hit a seven-month low of ₹394 on the BSE, the lowest level since 19 March. Airtel’s share price has declined by around 30% since the adjusted gross revenue (AGR) verdict on 1 September.