Bharti Airtel: UBS downgrades the telecom stock to ‘sell’ after a 20% YTD rally. Is a trend reversal on cards?

Bharti Airtel’s share price fell over 2% in intraday trade on July 11, opening at ₹1941 and reaching an intraday low of ₹1,917.45. By 12:45 PM, it was down 2.24% at ₹1,921.05, continuing its losses for the third consecutive session.