The stock of the country's second-largest telecom operator, Bharti Airtel, rose 5.7 per cent to ₹1,648.70 on the BSE in Friday's intraday trade, recording its sharpest intraday rally in 18 months. Earlier, on May 31, 2023, the telecom services provider with 352 million wireless customers in India and 157 million subscribers across 14 African countries had surged 8.5 per cent. The stock had hit a record high of ₹1,778.95 on September 26 this year.
S&P Global Ratings had recently revised its rating outlook on the company to positive from stable on earnings strength. At the same time, the rating agency affirmed its 'BBB-' long-term issuer credit rating on the company. It also affirmed ratings on the debt the company issued or guarantees.
This story is from the November 30, 2024 edition of Business Standard.
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This story is from the November 30, 2024 edition of Business Standard.
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