New Delhi, Sept. 19 -- Bharti Airtel, one of India's leading telecom companies, has seen its shares surge a whopping 30% from their 52-week low levels of Rs.1,510.80 hit in November 2024. In the ongoing calendar year, too, Airtel has clocked decent gains of 23% despite high stock market volatility, signalling continued investor interest.

Bharti Airtel shares today, too, defied the weak stock market sentiment and ended over 1% higher.

Explaining the rise in Airtel shares, Harshal Dasani, Business Head, INVAsset PMS, said that the surge has been underpinned by a sharp fall in capital expenditure, which has boosted free cash flows and enabled faster deleveraging.

Tariff hikes over the past year have also pushed average revenue per user (A...