Airtel's subscriber additions plunge as Jio gains, despite ARPU growth
Bharti Airtel is in focus with 12 August in focus.
· LiveMint Markets
The plan was significant as it offered a relatively low-cost entry point for users with a daily data limit of 1GB. After scrapping the plan on 12 August, Airtel’s cheapest entry-level plan was the ₹349 plan, offering 1.5GB of data per day.
Key facts
- Dates in focus
- 12 August
The analysis
Bharti Airtel reported ₹349. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +1.8% on the day at ₹2,109.00, and has returned +10.1% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The telecom & media sector has moved +3.4% over the same period, so Bharti Airtel is running 6.7 points ahead of its peers.
For Bharti Airtel, the question is how much of this is already reflected in the price and how much re-rates the telecom & media peer set alongside it.
Market context
- In focus: Bharti Airtel (BHARTIARTL), in Telecom & Media.
- On the day, 2 of 2 are higher: Bharti Airtel leads at +1.8% and Reliance Industries (Jio) trails at +0.8%.
- Over three months: Bharti Airtel +10.1% against Telecom & Media +3.4% (6.7 points ahead); Reliance Industries (Jio) +0.9% against Oil & Energy -0.9% (1.8 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Bharti AirtelBHARTIARTL · Telecom & Media | ₹2,109.00 | +1.8% | +16.8% | +10.1% | -2.5% | 0.9× | — |
| Reliance Industries (Jio)RELIANCE · Oil & Energy | ₹1,335.40 | +0.8% | +14.1% | +0.9% | -16.1% | 0.8× | — |
Telecom & Media
1M +4.9% · 3M +3.4%
Bharti Airtel
Oil & Energy
1M +5.7% · 3M -0.9%
Reliance Industries (Jio)
Prices as of 11 Nov 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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