Moneycontrol PRO
HomeNewsBusinessMarketsBharti Airtel stock surges 4%, biggest jump in 7 weeks

Bharti Airtel stock surges 4%, biggest jump in 7 weeks

Data on Bloomberg also showed that a block deal involving 13.2 lakh shares of Bharti Airtel took place on the exchanges.

December 13, 2024 / 13:10 IST
Jefferies included Bharti Airtel in the list of its top picks for 2025.
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Shares of Bharti Airtel surged over 4 percent on December 13, clocking in its biggest intraday gains in seven weeks. Alongside that, the stock also emerged as the top gainer on the Nifty 50 index.

    Data on Bloomberg also showed that a block deal involving 13.2 lakh shares of Bharti Airtel took place on the exchanges. Moneycontrol could not ascertain the buyers and sellers of the deal that could be worth around Rs 212.60 crore.

    At 12.47 pm, shares of Bharti Airtel were trading at Rs 1,666.30 on the NSE.

    Optimism for Bharti Airtel was also running high after global brokerage firm Jefferies included the stock in the list of its top picks for 2025. Jefferies predicts the stock to test levels around Rs 1,920 by the end of calendar year 2025, implying a potential upside of 18 percent from Thursday's closing price.

    Meanwhile, trading volumes in the counter also surged which further strengthened the upmove in the stock. As much as one crore shares of Bharti Airtel changed hands on the exchanges so far, already exceeding the one-month daily traded average of 76 lakh shares. The stock has also delivered robust gains this year, surging close to 62 percent as 2024 draws closer to its end.

    Catch all the market action on our LIVE blog

    Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services, recently praised Bharti Airtel’s shift from minute-based to data-based pricing, calling it a transformative change comparable to the move from traditional cellular phones to digital ones.

    Speaking at the sidelines of the Motilal Oswal Wealth Creation study, he described the new tariff plans as highly disruptive, with Bharti Airtel transitioning from selling minutes to offering flat-rate plans. "They invested Rs 5-6 lakh crore with the goal of capturing a 50 percent market share. I initially doubted anyone could survive, but they not only survived but thrived. I believe Bharti Airtel's best days are still ahead," Agrawal said.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Dec 13, 2024 01:09 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347