Bharti Climbs After Profit Beats Estimates on India Data Growth
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Bharti Airtel Ltd. rose the most in two weeks in Mumbai trading after profit at India’s largest mobile-phone carrier beat analyst estimates helped by increased data usage at home and the sale of wireless towers in Africa.
Shares climbed as much as 3.5 percent, the biggest intraday jump since July 21, and traded 2.3 percent up at 422.55 rupees as of 9:19 a.m. in Mumbai. The stock was the second-best performer on the benchmark S&P BSE Sensex index, which rose 0.7 percent.