Airtel share price is bullish again after 1668, keep an eye on these 2 stocks also
Bharti Airtel share price has been a focal point for investors and market analysts alike. The stock is currently trading at ₹1,680 after reaching an all-time high of ₹1,680 earlier in the day. This surge has propelled Airtel’s market capitalization to over ₹10 lakh crore, making it the fourth Indian company to achieve this significant milestone, joining the ranks of Reliance Industries, Tata Consultancy Services, and HDFC Bank.
Main Points
The share price of Bharti Airtel has demonstrated remarkable growth throughout 2024. The stock has gained approximately 63% year-to-date and has seen an impressive increase of around 13% in just the last month. This upward trajectory is attributed to several factors, including anticipated tariff hikes in the telecom sector and strong earnings reports.
Key Statistics
- Current Share Price: ₹1,680
- Market Capitalization: ₹10.21 lakh crore
- 52-Week High/Low: ₹1,680 / ₹895
- P/E Ratio: 93.98
- EPS (TTM): ₹16.46
- Dividend Yield: 0.52%
From a technical perspective, Bharti Airtel’s stock is showing strong momentum. The stock opened at ₹1,651 and has fluctuated between a low of ₹1,631 and a high of ₹1,680 today.
Support and Resistance Levels
- First Support Level (S1): ₹1,625
- Second Support Level (S2): ₹1,610
- First Resistance Level (R1): ₹1,663
- Second Resistance Level (R2): ₹1,673
These levels are critical for traders as they indicate potential points where the stock may reverse direction or continue its trend.
Market sentiment around Bharti Airtel remains bullish. Analysts have maintained a “buy” rating on the stock, with target prices ranging from ₹1,970 according to Jefferies. The firm has raised its revenue and EBITDA estimates for Airtel’s India business by 5%-9% for FY26 and FY27 due to expected tariff increases.Recent reports suggest that there might be a 10% tariff hike in mid-FY26 followed by another similar increase in FY27. Such developments are likely to enhance Airtel’s revenue streams significantly.
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Recent Developments
In addition to its impressive share price performance, Bharti Airtel has been actively involved in expanding its technological capabilities. The company recently achieved a milestone in collaboration with Nokia and MediaTek by reaching upload speeds of 300 Mbps on its 5G network during trials. This advancement not only enhances its service offerings but also positions Airtel competitively against other telecom operators.
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.
