Bharti Airtel rallies six percent, marking its sharpest intra-day jump in 18 months, fueled by S&P’s positive outlook and robust growth projections across mobile, broadband, and enterprise segments.

Shares of telecom giant Bharti Airtel are surging today, up by 5.28% as of 2:30 PM IST. After opening in the red, the stock is now trading at Rs.1,643.95, with a gain of 5.35%. The stock has reached an intraday low of Rs.

Shares of Bharti Airtel on Friday, November 29 jumped over 5% to hit an intraday high of Rs 1,640.90 on the NSE. The telecom scrip had been on a correction mode since last month, and today it bounced back sharply.

Five key parameters, which influence telcos’ valuations, have shown remarkable recovery, and may either sustain or improve further, says the brokerage.

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Bharti Airtel stock hit an intraday high of Rs 1648.70 in the current session. Later, it closed 4.30% higher at Rs 1627.45 on BSE.

Bharti Airtel shares surged 7% after ICICI Securities upgraded the stock to 'Buy' with a target price of Rs 1,875. The brokerage cited a remarkable recovery in key parameters and expects this trend to continue.

Bharti Airtel's shares delivered positive monthly returns consecutively from March to September before declining 6 percent in October.