Shares of Bharti Airtel News

Shares of Bharti Airtel on Wednesday made a smart recovery, paring early losses and surged nearly 8 percent even as the company reported its lowest quarterly profit in four years for the January-March period.

Shares of Bharti Airtel on Wednesday fell nearly 2 percent after the company reported its lowest profit in four years as demonetisation and intense competition with Reliance Jio hit revenues.

Telecom stocks bounced back during the fag-end of trade Friday, rising by up to 3 percent, on emergence of buying at lower levels after witnessing sharp losses amid the announcement of launch of much-talked about Jio 4G service.

Idea Cellular tanked 9 percent to Rs 85 -- its 52-week low on BSE.

Shares of Bharti Airtel fell for the second straight session Tuesday, down 3.5 percent, even as the company announced investment of Rs 60,000 crore in the next three years to upgrade networks and improve quality of services as competition intensifies in the sector.

Shares of Bharti Airtel slumped 3.5 percent after Credit Suisse downgrades the stock to "underperform" from "neutral" and reduced the target price to Rs 265 from Rs 275, citing competition from rival Rel Jio`s, a unit of Reliance Industries .