Bharti Airtel Shares Rise 5% Amid Plans for Increased Stake by Sunil Mittal
Bharti Airtel shares jump 5% as Sunil Mittal eyes 51% stake in telco
Business Standard
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Shares of Bharti Airtel, a leading Indian telecom company, rose nearly 5% to ₹1,876.90 despite a 34% year-on-year drop in net profit for Q4 FY26. Founder Sunil Mittal expressed intentions to increase Bharti Telecom's stake in Airtel from 40.5% to 51%, signaling confidence in future growth.
- 01Airtel shares surged nearly 5% to ₹1,876.90 despite a 34% drop in net profit.
- 02Sunil Mittal aims to increase Bharti Telecom's stake in Airtel to 51%.
- 03Airtel's annual revenue surpassed ₹2 trillion for the first time.
- 04The company plans to pay a final dividend of ₹24 per fully paid-up share.
- 05Airtel's stock has declined 11% year-to-date, underperforming the Nifty 50 index.
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Shares of Bharti Airtel, based in Gurugram, India, increased by nearly 5%, reaching an intraday high of ₹1,876.90 on the National Stock Exchange (NSE) despite a 34% year-on-year decline in consolidated net profit for the March 2026 quarter. The stock's rally was supported by robust trading activity, with about 13 million shares traded, outperforming the benchmark Nifty 50 index, which fell by 1.3%. Sunil Bharti Mittal, the founder and chairman, announced plans to increase Bharti Telecom's stake in Airtel from 40.5% to 51%. This comes as the company reported a 33.5% decline in net profit to ₹7,325 crore due to one-time provisions, although it saw a 38.7% growth in net income to ₹7,245 crore. The board also recommended a final dividend of ₹24 per fully paid-up share, pending shareholder approval at the upcoming Annual General Meeting.
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The increase in share price may boost investor confidence and could lead to more investment in Bharti Airtel, potentially impacting the telecom market positively.
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