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Image Credit: shortpedia

Despite getting tough competition from Jio, Airtel emerged as best performer on India's stocks benchmark this year

Shortpedia

Content Team

Despite getting tough competition from billionaire Mukesh Ambani’s Jio Bharti Airtel has emerged as the best performer on India's stocks benchmark this year, jumping 26% and reaching a record on May 19, amid optimism the carrier will continue to attract bigger-spending users. The stock surged Thursday in Mumbai after Reuters reported Amazon was in early talks to buy a stake of at least $2 billion. But Airtel rejected that report.