Bharti Airtel shares in focus as Singtel likely to offload 0.8% stake worth Rs 10,300 crore block deal

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Bharti Airtel is in focus as Singtel plans a block deal to sell 0.8% stake (~Rs 10,300 crore) at a 3.1% discount. The sale follows previous stake reductions and strong Q2 performance, with 6% QoQ EBITDA growth and Rs 14,600 crore free cash flow. Analysts cite premiumisation, a possible tariff hike, and African operations as drivers, maintaining a “Buy” rating.