Eight-day rally takes Airtel's m-cap over Rs 9.5 trn; stock hits new high

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Eight-day rally takes Airtel's m-cap over Rs 9.5 trn; stock hits new high - Business Standard

Quick Summary:

Shares of Bharti Airtel are quoting higher for the eighth straight trading day, having rallied 11 per cent during the period, and taking the company's market capitalisation to over Rs 9.5 trillion.

Aided by strong customer conversion from 2G to 4G/5G and other services, the company continues its ARPU growth trajectory and expects it to reach Rs 300 going forward.

Further, based on the company's strong digital portfolio that is supported by rising per-user data, Axis Securities is positive about the company’s future growth prospects.