Bharti Airtel surges 11% in 3 days after signing 4G network deal with Nokia

Shares of Bharti Airtel extended its gains into third trading session, up 5 per cent at Rs 540 on the BSE on Monday, having gained 6 per cent in the previous two sessions after Finnish telecom gear maker Nokia announced signing a deal worth Rs 7,500 crore with the telecom service provider to enhance the mobile operator’s network capacity in nine circles across the country.

Bharti Airtel was trading close to its all-time high level of Rs 569 touched on February 18, 2020. In comparison, the S&P BSE Sensex was down 5.2 per cent or 1,736 points at 31,981 at 01:40 pm. The trading volumes on the counter nearly doubled today, with a combined 25 million shares changing hands on the NSE and BSE till the time of writing of this report.