After Rs 1556, Bullish signs in Bharti Airtel Share Price, know what the analysis of big investors says
Bharti Airtel share price is experiencing notable fluctuations in the stock market. The current trading price is ₹1,589.95, reflecting a slight increase of 0.77% from the previous close of ₹1,561.90. The stock has shown resilience and growth over recent months, making it a focal point for investors and market analysts alike.
Main Points
Bharti Airtel’s stock has demonstrated a strong performance over various time frames. In the past month, the stock has appreciated by approximately 5.56%, while over the last year, it has seen a remarkable increase of 78.68%. The three-year return stands at 134.98%, and the five-year return is an impressive 344.98%.
Key Metrics
- Current Price: ₹1,589.95
- Previous Close: ₹1,561.90
- 52-Week High/Low: ₹1,608.40 / ₹858.40
- Market Capitalization: ₹9,45,079 crore
- PE Ratio: 93.98
- Dividend Yield: 0.52%
These metrics indicate a robust market presence, with Bharti Airtel maintaining a leading position in the telecommunications sector.
The technical indicators suggest a mixed sentiment among traders. The stock has a daily pivot level of ₹1,577.85, with resistance levels at ₹1,600 and ₹1,620. Support levels are identified at ₹1,570 and ₹1,550. The moving averages also provide insights into the stock’s performance. The 5-day Simple Moving Average (SMA) is at ₹1,580, while the 10-day SMA is at ₹1,570. This indicates a potential upward trend if the stock can maintain its position above these averages.
- Strong Q1 FY25 Results: Bharti Airtel reported a net income of ₹4,160 crore for Q1 FY25, showcasing a solid financial performance. The company’s focus on cost efficiencies and revenue growth in India and Africa has been pivotal in its success.
- Network Expansion: The company has accelerated its rollout of 5G services, achieving significant milestones in upload speeds during trials with partners like Nokia and MediaTek. This positions Bharti Airtel favorably in the competitive telecom landscape
- Market Share Insights: Vodafone Idea’s revenue market share has hit an all-time low, which could benefit Bharti Airtel as it captures a larger share of the market.
- Analyst Recommendations: Analysts are optimistic about Bharti Airtel’s future, with many recommending a “Buy” rating. The target price set by Axis Securities is ₹1,750, reflecting confidence in the company’s growth trajectory.
- Dividend Announcements: The company has declared a dividend of ₹0.75 per equity share, which is a positive signal for investors seeking income from their investments.
Looking ahead to tomorrow’s trading session, several factors could influence Bharti Airtel’s share price. The overall market sentiment, driven by global economic conditions and investor appetite, will play a crucial role. If the stock maintains its position above the key support levels mentioned earlier, it could continue its upward trend. However, if it falls below these levels, it may face selling pressure.
Expected Price Range
Based on the current technical analysis, the expected price action for Bharti Airtel tomorrow could range between ₹1,570 and ₹1,600. Traders should keep an eye on market news, as any significant developments could impact the stock’s performance.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
