Bharti Airtel hits 21-month high, surges 20% from Friday's low

The company is hopeful that the government will take a considerate view on SC verdict on AGR matter, given the fragile state of the industry.

Shares of Bharti Airtel hit a 21-month high of Rs 420, up 7 per cent on the BSE on Monday and surging 20 per cent from its Friday’s low as most of the brokerages maintained a bullish stance on strong operating performance in September quarter (Q2FY20).

The stock of the telecom services provider was trading at its highest level since January 25, 2018. On Friday, November 15, it touched an intra-day low of Rs 351 on the BSE. Bharti Airtel hit an all-time high of Rs 527 on October 10, 2007.

Led by lower costs, especially, network operating