Bharti Airtel's stock surged by 4% on December 13, 2024, marking its biggest jump in seven weeks. The stock hit ₹1,666.30 on the NSE, with the surge partly fueled by a block deal involving 13.2 lakh shares. The total value of this block deal, which took place on the exchanges, is estimated at around ₹212.60 crore. While details about the buyers and sellers are not clear, the deal contributed to the strong upward momentum in Bharti Airtel's stock price.

Optimism surrounding the stock increased further as global brokerage firm Jefferies added Bharti Airtel to its list of top stock picks for 2025. Jefferies has a target price of ₹1,920 for Bharti Airtel by the end of 2025, indicating a potential upside of 18% from its closing price on Thursday. This positive forecast is a key catalyst for the stock's recent rally, with investors anticipating strong growth for the telecom giant.

In addition to the bullish sentiment from Jefferies, Bharti Airtel saw a significant rise in trading volumes. By mid-day, more than one crore shares had exchanged hands, surpassing the one-month daily traded average of 76 lakh shares. This surge in trading activity further strengthened the stock's upward momentum, suggesting that investors are confident in the company's future prospects.

Bharti Airtel has been on a strong upward trajectory in 2024, with the stock having gained nearly 62% so far this year. This impressive performance underscores the company's successful business strategies and growth initiatives.

Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services, recently lauded Bharti Airtel's strategic shift from a minute-based pricing model to a data-based one, calling it a transformative move. He compared the shift to the revolution brought about by the transition from traditional cellular phones to digital ones. Agrawal noted that Bharti Airtel's investment of ₹5-6 lakh crore aimed at capturing a 50% market share has proven successful. Despite initial doubts, Agrawal believes that Bharti Airtel has not only survived but thrived and that its best days are still ahead.

This shift in business strategy, along with strong financial performance and growing market confidence, positions Bharti Airtel for continued success. The stock's impressive rise and the backing of major analysts like Jefferies indicate that investors are optimistic about the company's future growth potential. As a result, Bharti Airtel remains one of the most closely watched stocks in the Indian market.