Bharti Airtel shares at highest level in nearly a decade

Gains as much as 4.8% in intra-day trading to the highest since December 2007 as company exceeds Q2 net profit estimates

The Bharti Airtel stock on Wednesday surged as much as 4.8 per cent to hit a decadal high of Rs 517.45 in early trading on the BSE, despite the company reporting its smallest quarterly net profit in 19 quarters.
 
This was the stock’s highest trading level since December 2007.
 
Bharti Airtel reported a September quarter net profit of Rs 343 crore, its smallest profit in 19 quarters but above the average estimate of Rs 303 crore, according to Thomson Reuters data.
 
The company was approached by global investors interested in a controlling stake in mobile masts unit