Bharti Airtel Share Price will be bullish again after 1629, know important levels for tomorrow
Bharti Airtel’s share price stands at ₹1,664.85, reflecting a slight decrease from the previous close of ₹1,661.75. The stock has shown fluctuations throughout the day, with a low of ₹1,631 and a high of ₹1,666.05. This volatility is indicative of the current market conditions surrounding the telecommunications sector in India.
Main Points
Bharti Airtel has been experiencing a mix of gains and losses recently. Over the past week, the stock has seen a decline of approximately 1.19%. However, if we look at its performance over the last year, Bharti Airtel has achieved an impressive return of around 78.68%.
The company’s market capitalization is approximately ₹946,547 crore, positioning it as one of the leading players in the telecom industry in India. The stock’s P/E ratio is currently around 94.51, which indicates that investors are willing to pay a premium for its earnings potential.
Analysts are closely monitoring Bharti Airtel’s stock as they anticipate several factors that could influence its price movement in the coming days. The company recently reported strong quarterly results, with total revenues hitting ₹38,506 crore for Q1 FY25, marking a year-on-year increase of 2.8%.
Expectations for tomorrow’s trading include potential reactions to recent announcements regarding tariff hikes in the telecom sector. Jefferies has projected that Bharti Airtel may implement a 10% tariff hike in mid-FY26 and another 10% hike in Q2 FY27. Such moves could significantly enhance revenue streams and improve profitability metrics.
Key Metrics and Analysis
Here are some key metrics that investors should consider:
- Current Share Price: ₹1,664.85
- Previous Close: ₹1,661.75
- Market Cap: ₹946,547 crore
- P/E Ratio: 94.51
- 52-Week High/Low: ₹1,666.05 / ₹895
- Dividend Yield: 0.49%
- EPS (TTM): ₹17.59
These metrics suggest that while Bharti Airtel is performing well in terms of growth and market presence, its high P/E ratio indicates that it might be overvalued compared to its earnings.
Recent news highlights several developments within Bharti Airtel and the broader telecom industry:
- Tariff Hikes Expected: Analysts believe that upcoming tariff hikes could bolster Bharti Airtel’s revenue growth significantly. This is viewed positively by market analysts who have raised their revenue and EBITDA estimates for the company’s operations.
- 5G Network Trials: Bharti Airtel has been actively expanding its 5G services. Recent trials with Nokia and MediaTek have successfully achieved upload speeds of 300 Mbps on their networks. This advancement not only enhances customer experience but also positions Airtel favorably against competitors.
- Strong Customer Base Growth: The company reported an increase in its customer base across various segments. In India alone, it added around 6.7 million smartphone customers during the last quarter. This growth is crucial as it directly impacts average revenue per user (ARPU), which is currently reported at ₹211.
Investment analysts have varying opinions on Bharti Airtel’s stock performance moving forward:
- Buy Recommendations: Several analysts recommend buying shares of Bharti Airtel due to its robust earnings growth and market position. The target price set by Axis Securities is ₹1,750 based on expected revenue growth from tariff adjustments.
- Caution Advised: Despite positive growth indicators, some analysts advise caution due to the high valuations reflected in the P/E ratio and potential market corrections in response to broader economic conditions.
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.
