Bharti Airtel Stock Performing Really Strong, Touches All Time High

Vodafone Idea (Vi) also announced tariff hikes on Tuesday. This means that Airtel isn’t alone in the race to increase ARPU. If Vi hadn’t increased tariffs, it would have meant a very high subscriber churn rate for Airtel.

Published by
Tanay Singh Thakur

Bharti Airtel

Bharti Airtel, a leading telecommunications service provider in India, has seen new highs recently. The telco’s stock has touched its lifetime high price point post the announcement of prepaid tariff hikes. With the tariff hikes, the telco’s average revenue per user (ARPU) from wireless operations is going to increase substantially, which will positively affect future revenues.

At the time of writing, Bharti Airtel’s stock is trading at Rs 764.50, which is 0.74% in the green. After closing at Rs 758.90 on Tuesday, Airtel’s stock opened at Rs 764 on Wednesday morning, which was a new high itself. However, in the morning session, Airtel’s shares also touched Rs 781.80 before dropping to Rs 764.50 (at the time of this writing).

Airtel Shares Boosting Because Vodafone Idea Also Announced Tariff Hikes

Vodafone Idea (Vi) also announced tariff hikes on Tuesday. This means that Airtel isn’t alone in the race to increase ARPU. If Vi hadn’t increased tariffs, it would have meant a very high subscriber churn rate for Airtel. But since the new rates of the plans would be the same for both the operators, the subscribers will have no option but to either turn to Jio or stay with their respective operators.

In the last few months, Bharti Airtel’s stock has performed really strongly. Firstly, it was the relief measures announced by the government and then it was the government’s intention of withdrawing the one-time spectrum charge (OTSC) case from the Supreme Court. Now, it is the tariff hikes.

With the tariff hikes, the overall investor sentiment will go up for Bharti Airtel as Vodafone Idea has followed the telco as well. In the case of Vodafone Idea (listed as Idea in the stock exchanges), it is trading at Rs 11, which is 3.77% in the green. Even Vi has managed to get hold of the positive reaction from the market on the announcement of tariff hikes.

Tanay Singh Thakur

Tanay is someone with whom you can chill and talk about technology and life. A fitness enthusiast and cricketer, he loves to read and write.

Share
Published by
Tanay Singh Thakur

Recent Posts

WhatsApp Working on Separate App for iPad, Might Launch Soon

Social media messaging platform WhatsApp is known to bring changes and updates and new features…

Second-Hand Smartphone Market Might Grow to $4.6 billion in Three Years

According to the latest research report, the second-hand smartphone market in India is on its…

FAA Consents AT&T and Verizon for Further Activation of 5G Towers

In the latest unfolding of the events regarding the deployment of the 5G towers near…

Things You Can Do to Stabilise Your Broadband Wi-Fi Connection

With our lives entwined with the internet every day, there is nothing more frustrating than…

BSNL Bharat Fibre Broadband Plan that Offers 6.5TB of Data

Bharat Sanchar Nigam Limited (BSNL) offers a broadband plan to the customers that comes with…

Cheapest Daily Data Prepaid Plans from Jio, Airtel, Vi

The three private telecom operators of India – Reliance Jio, Vodafone Idea and Bharti Airtel…

Fastrack Reflex Vox Smartwatch Launched in India, Offers 100+ Watch Faces, Built-in Alexa and More

The Indian fashion accessory brand Fastrack has launched its smartwatch in India – Fastrack Reflex…

Redmi Note 11S Could be Rebranded as POCO M4 Pro for Multiple Markets

Redmi the subsidiary company of the Chinese smartphone manufacturer Xiaomi on Wednesday launched its latest…

Bharti Airtel Deal With Google to Allow Telco to Bring Better Smartphone Offers

Tech-giant Google partners with Indian telecommunications behemoth Bharti Airtel for creating new and innovative business…