Bharti Airtel surges 6%, hits new high on tariff hike; Vodafone Idea up 6%

The telecom services provider increased its tariffs for telecom subscribers for a range of services effective November 26, saying the decision was for a "financially healthy business model"

Shares of Bharti Airtel hit a new high of Rs 756, up 6 per cent on the BSE in Monday's intra-day trade, after the telecom services provider increased its tariffs for telecom subscribers for a range of services effective November 26. The decision, the company said, was for a "financially healthy business model". The company hiked prepaid tariff by 20-25 per cent and data top-up plans by 20-21 per cent.

The stock surpassed its previous high of Rs 746 hit on November 15, 2021. In comparison, the S&P BSE Sensex was down 0.57 per cent at 59,298 points at