Shares of Bharti Airtel rallied 10 percent to hit a record high of Rs 591.95 today(19th May 2020) in the morning trade after the company reported a healthy 15.1 percent year-on-year (YoY) growth in consolidated revenue at Rs 23,723 crore for the quarter ended March 2020 (Q4FY20).
The stock of the telecom services provider surpassed its previous all-time high level of Rs 570 touched on May 13, 2020. In comparison, the S&P BSE Sensex was up 2.3 percent, or 697.79 points, at 30,716.77 level at 10:37 am.
The company’s India revenues also reported a strong 14.4 percent YoY jump at Rs 17,438 crore during the quarter. Mobile revenues witnessed a YoY growth of 21.8 percent primarily led by the increase in 4G customer base coupled with improved tariffs.
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