Shares of Bharti Airtel on Wednesday jumped over 8 per cent, adding Rs 16,290 crore to its market valuation, despite the company posting sixth-straight quarter of drop in earnings. The stock soared 8.19 per cent to settle at Rs 538.40 on BSE. During the day, it surged 9.41 per cent to Rs 544.50 -- its 52-week high.
On the NSE, shares of the company zoomed 8.42 per cent to end at Rs 539.10. led by the smart surge in the stock, the company’s market valuation zoomed Rs 16,290.02 crore to Rs 2,15,220.02 crore. In terms of equity volume, 15.82 lakh shares of the company were traded on BSE and over 3 crore shares changed hands at NSE during the day. The stock was the biggest gainer among the bluechips on both the key indices during the day.