Airtel shines as price hikes, healthy subscriber growth and Jio’s disappointing performance send the stock rallying Airtel shines as price hikes, healthy subscriber growth and Jio’s disappointing performance send the stock rallying Rounak JainMay 4, 2021, 08:32 IST Airtel has been slowly and steadily improving its performance every quarterBCCL Airtel shares were buzzing in the stock market on Monday (May 3) even as the benchmark indices were deep in the red for most of the day. Strong performance driven by price hikes, healthy average revenue per user (ARPU) jump and subscriber growth could propel Airtel ahead of its rival, Jio. Jio’s disappointing performance in the March 2021 quarter has also given Airtel investors another reason to celebrate.Airtel’s fortunes are getting another boost as the telecom provider started reaping the benefits of price hikes combined with healthy subscriber growth.