India's Bharti Airtel gains after dropping entry-level data plan

** Shares of Indian telecom operator Bharti Airtel BRTI.NS rise ~2% to 1,939.70 rupees

** Stock among top two percent gainers on Nifty 50 .NSEI, which is trading flat

** Operator discontinues entry-level data plan of 249 rupees with 1GB data per day for 24 days

** Rival Reliance Jio also dropped its entry-level plan on Tuesday

** Jefferies says this move will drive higher data usage, boost average revenue per user by 3% for entry-level data subscribers

** Jefferies has BRTI as its preferred pick in the sector, with PT at 2,500 rupees

** On avg, analysts rate the stock "Buy"; median PT is 2,107.50 rupees - data compiled by LSEG

** YTD, BRTI up 22%