CLSA sees Bharti Airtel benefitting most from data boom

Bharti Airtel shares jumped over 3 per cent on Wednesday after investment banking major CLSA said the wireless services provider "is best placed to ride the data boom in India".

CLSA cites Bharti's 72 per cent mobile market share would allow it to benefit most from a jump in mobile data subscribers.

The investment banking major also said Bharti Airtel's operations in Africa are improving, and maintains its "High-Conviction Buy" rating on the stock with a target of Rs 390.

(Reuters)