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The Economic Times

Business

Debaroti Adhikary

Bharti Airtel, Vi shares rise up to 2% after Aug mobile subscriber data. Which is Nomura’s top pick?

Airtel VI Bharti Bharti Airtel Nomura Jio Vodafone Idea India Reliance Jio United States

Shares of Bharti Airtel and Vodafone Idea (Vi) gained up to 2% on Tuesday after data released by the Telecom Regulatory Authority of India (TRAI) showed that India added 55 lakh mobile subscribers in August, with Reliance Jio continuing to hold the top spot after adding 24 lakh users.

Bharti Airtel added 21 lakh subscribers, while Vodafone Idea added over 5 lakh mobile subscribers during the month, extending its rebound since February this year, data released by TRAI showed on Monday. Bharti Airtel shares traded marginally higher at Rs 1,772.60 apiece, while Vi shares gained nearly 2% to trade at Rs 13.68 apiece on Tuesday morning.

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