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Bharti Airtel share are down by -0.6%, Nifty down by -0.1% | Mint

Livemint

Livemint · 11m ago

Bharti Airtel share are down by -0.6%, Nifty down by -0.1% | Mint

As of September 5th, Bharti Airtel shares are trading at ₹1552.65, down 0.6% from the previous closing price. The stock is currently above its 10, 20, 50, 100, and 300-day Simple Moving Averages (SMA) but below the 5-day SMA. Key resistance levels for the stock are at ₹1570.63, ₹1578.37, and ₹1592.68, while key support levels are at ₹1548.58, ₹1534.27, and ₹1526.53. The stock has a bullish trend according to technical analysis. The company has a ROE of 9.36% and a P/E ratio of 92.03. The 1-year forecasted upside is 1.42%, with a target price of ₹1574.64285714.

Related News

Bharti Airtel at life high as SC takes up AGR case petition; Bernstein raises price target

Money Control

Money Control · 10m ago

Bharti Airtel at life high as SC takes up AGR case petition; Bernstein raises price target

Shares of Bharti Airtel rose almost 3% as the Supreme Court reviewed the curative petitions filed by Bharti Airtel and Vodafone Idea in the Adjusted Gross Revenue (AGR) case. Brokerage firm Bernstein raised its price target for Bharti Airtel by 9% to Rs 1,740, citing expected relief measures and strong growth prospects. They also noted a favourable market structure for the telecom industry, driven by consolidation, with Bharti Airtel and Jio gaining market share. UBS Securities also increased its price target for Bharti Airtel to Rs 1,595.

Nifty, Sensex close near flatline; Bank Nifty hits fresh high of 51,900

Money Control

Money Control · 1y ago

Nifty, Sensex close near flatline; Bank Nifty hits fresh high of 51,900

On June 19, the Indian stock market experienced a choppy and volatile trading session, with Sensex and Nifty ending nearly flat. The Sensex closed up 0.05 percent at 77,337, while the Nifty 50 was down 0.2 percent at 23,521. Banking and IT stocks led the gains in the Nifty 50, while construction and energy stocks declined. Bharti Airtel, Maruti Suzuki, and Titan were among the worst-hit stocks. The volatility index, India VIX, rose nearly 6 percent to 13.7. Investors are now looking forward to the Union Budget in July.

Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract: Report

Money Control

Money Control · 9m ago

Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract: Report

Finnish company Nokia is reportedly in discussions with Bharti Airtel, an Indian mobile operator, regarding a multi-billion dollar contract to provide 5G equipment. This comes after Ericsson was awarded a similar contract by Bharti Airtel. India is the second-largest smartphone market globally, prompting telecom companies to invest heavily in 5G network upgrades. However, orders from India slowed down significantly this year. The potential deal with Airtel would involve Nokia's latest AirScale mobile radios, which support network upgrades to 5G-Advanced and reduce energy costs. Other vendors, such as Samsung, are also in talks with Airtel.

Chartist Talks: This analyst suggests Bull Call Spread strategy as Nifty to maintain positive momentum next week

Money Control

Money Control · 11m ago

Chartist Talks: This analyst suggests Bull Call Spread strategy as Nifty to maintain positive momentum next week

Sudeep Shah, Head of Technical and Derivative Research at SBI Securities, believes that the positive momentum in the Nifty 50 will continue next week. He suggests considering a Bull Call Spread strategy in the Nifty and expects the index to reach levels of 25,150-25,200 in the short term. Shah is also bullish on Coal India and Bharti Airtel, citing positive chart structures and breakout patterns. He recommends accumulating Coal India at levels of Rs 536-540, with a target of Rs 575, and suggests buying Bharti Airtel with a target of Rs 1,590, maintaining a stop-loss of Rs 1,440.

Trade setup for Tuesday: 15 things to know before opening bell

Money Control

Money Control · 1y ago

Trade setup for Tuesday: 15 things to know before opening bell

The market is expected to continue its upward momentum with the formation of a Bullish Hammer candlestick pattern and strong intraday trend reversal. The Nifty 50 may face resistance at 22,200-22,300, but if it surpasses 22,300, it could reach 22,500-22,600. Support levels are at 22,000-21,900. The Bank Nifty also showed bullish signs with support at 47,300 and a potential relief rally towards 48,480-48,500. The Nifty Put-Call ratio increased to 0.97, indicating a bullish sentiment. Earnings results are expected from companies such as Bharti Airtel, Shree Cement, and DLF.

Airtel to shut down Wynk Music app, absorb all employees

Economic Times

Economic Times · 11m ago

Airtel to shut down Wynk Music app, absorb all employees

Bharti Airtel is set to shut down its Wynk Music app and depart from the music vertical. The company will be incorporating all Wynk Music employees within its organization. Airtel plans to close down Wynk Music within the next few months. A company spokesperson confirmed the news, stating that Airtel customers will now have access to Apple Music and Wynk Premium users will receive exclusive offers from Airtel for Apple products. Airtel has partnered with Apple to provide special offers on Apple Music to its iPhone users.

Indian rupee sticks to losing run as outflows, tariff worries sustain pressure

Economic Times

Economic Times · 18d ago

Indian rupee sticks to losing run as outflows, tariff worries sustain pressure

The Indian rupee declined for the fifth consecutive session, pressured by likely outflows from domestic equities and concerns over trade deals with the U.S. The currency closed at 86.3675 against the U.S. dollar, down 0.1% on the day. The rupee's decline over five days is about 0.6%, influenced by a modest rebound in the dollar index and ongoing trade tensions. Regional markets showed mixed performances, with key Indian indices closing slightly lower.

Vodafone Idea to conduct urgent investor meet on September 23 after SC’s AGR verdict setback | Mint

Livemint

Livemint · 10m ago

Vodafone Idea to conduct urgent investor meet on September 23 after SC’s AGR verdict setback | Mint

Telecom company Vodafone Idea will hold a conference call on September 23 to update investors and analysts on recent developments. This comes after the Supreme Court rejected pleas by Vodafone Idea and Bharti Airtel to correct reported errors in their telecom license fees. The dismissal is a setback for Vodafone Idea and Bharti Airtel who were seeking to reduce their combined burden of INR 1.47 trillion ($20.7 billion) in Adjusted Gross Revenue (AGR) dues to the government.

Airtel's data centre business Nxtra, Indus Towers merger unlikely: CEO Vittal

Livemint

Livemint · 1y ago

Airtel's data centre business Nxtra, Indus Towers merger unlikely: CEO Vittal

Bharti Airtel has stated that it will not merge its data centre business, Nxtra, with Indus Towers. The telecom operator prefers to keep the assets unbundled for flexibility. Bharti Airtel is the largest shareholder in Indus Towers and had previously expressed plans to dilute its holdings in Nxtra. However, Airtel's top executives have indicated that merging the assets is not currently a direction they are pursuing. Data centres are seen as a long-term investment for Airtel, with the company planning to spend around INR 5,000 crore on them in the coming years.

Airtel’s Africa arm raising additional capital from overseas investor

VCCircle

VCCircle · 4m ago

Airtel’s Africa arm raising additional capital from overseas investor

Airtel Africa, a division of India's Bharti Airtel Ltd, plans to secure up to $100 million in debt capital from a notable international investor. This funding aims to bolster its operations in Kenya and Rwanda, two rapidly growing economies in Africa. The strategic financial infusion is intended to support Airtel Africa's expansion efforts, leveraging the robust economic growth in these regions to enhance the company's presence and market share.

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