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The Economic Times

Veer Sharma

Bharti Airtel shares gain over 2% after Q4 results. Why Morgan Stanley sees more upside

Airtel Bharti Airtel Morgan Stanley India Africa

Shares of Bharti Airtel rose more than 2% to hit an intraday high of Rs 1,833 on the BSE on Thursday, despite the telecom major reporting a 34% year-on-year (YoY) decline in consolidated net profit at Rs 7,325 crore for the March quarter.

The telecom major recorded quarterly revenue of Rs 55,383 crore, reflecting a 16% YoY rise. Revenue growth during the quarter was supported by continued momentum in the India business and a strong performance from its Africa operations.

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One subscription that gives you access to news from hundreds of sites

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