Bharti Infratel shares jumped on Wednesday after Reliance Jio Infocomm (Reliance Jio), a subsidiary of Reliance Industries (RIL) and the company announced the signing of a master services agreement.

Under the agreement, Reliance Jio would utilize the telecom tower infrastructure of Bharti Infratel to launch its services across the country. As per the agreement, the pricing would be at 'arm's length,' based on prevailing market rates.

Shares of the company are trading at Rs 200.60, up Rs 9.2, or 4.81% at the Bombay Stock Exchange (BSE) on Wednesday at 9:30 a.m.

The scrip has touched an intra-day high of Rs 205 and low of Rs 196.55. The total volume of shares traded at the BSE is 35,602.

In the earlier session, the shares gained 2.49%, or Rs 4.65, at Rs 191.40.

Currently, the stock is trading all time 52-week high, which is above 59.14% over the 52-week low of Rs 126.05.