India's Bharti Airtel gains after dropping entry-level data plan
ReutersAug 20, 2025 4:17 AM
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%
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