Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Bharti Airtel Limited    532454   INE397D01024

BHARTI AIRTEL LIMITED

(532454)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares hit record high as banks, Airtel gain

01/12/2021 | 11:59pm EST

BENGALURU, Jan 13 (Reuters) - Indian shares rose on Wednesday to a record high as the country's retail inflation eased, bolstering banking stocks, and Bharti Airtel gained after the telecom operator initiated process to increase foreign investment limit.

Investors also await results from technology heavy weights Infosys Ltd and Wipro Ltd later in the day.

The blue-chip NSE Nifty 50 index rose 0.4% to 14,628 and the benchmark S&P BSE Sensex was up 0.35% at 49,699.16 by 0441 GMT.

India's retail inflation eased in December to within the central bank's target range, although it is unlikely to cut the policy repo rate soon.

The Nifty bank index gained 0.9%, while the public sector banking index rose 2.3%.

"With some improvement in inflation, it gives room for rate cuts going forward. That gives some amount of comfort for the banking sector," said Anita Gandhi, director at Arihant Capital Markets in Mumbai.

Corporate earnings so far has given confidence to investors, while the liquidity is also supportive with foreign investors continuing to be net buyers, Gandhi said.

Tata Elxsi Ltd shares rose 9.5% after reporting a surge in December-quarter profit and revenue.

Infosys shares were up 0.2%, while Wipro gained 1%. Major peer Tata Consultancy Services posted a strong December-quarter profit last week.

Indian stocks have been hitting record highs over the last few days, helped by continued foreign fund inflows and progress on COVID-19 vaccines. Foreign investors pumped more than $20 billion into Indian equities last year, according to Refinitiv Eikon data.

Shares of Bharti Airtel rose 5.7% and was the biggest boost to the Nifty 50 index after the company said on Tuesday it was initiating process to revise foreign investment limit up to 100%.

Meanwhile, India's Supreme Court on Tuesday ordered an indefinite stay on the implementation of new agricultural laws that have triggered widespread protest from farmers. (Reporting by Nallur Sethuraman in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHARTI AIRTEL LIMITED -3.81% 557.1 End-of-day quote.9.39%
INFOSYS LIMITED -1.67% 1253.3 Delayed Quote.-0.20%
NIFTY 50 -3.76% 14529.15 Delayed Quote.3.92%
NIFTY 500 -3.07% 12181.4 Delayed Quote.5.76%
NIFTY BANK -4.78% 34803.6 Delayed Quote.11.32%
SENSEX 30 -3.80% 49099.99 Real-time Quote.6.89%
TATA CONSULTANCY SERVICES -3.37% 2894.3 Delayed Quote.1.10%
TATA ELXSI LIMITED -0.97% 2652.85 End-of-day quote.44.74%
WIPRO LIMITED -2.66% 410.2 End-of-day quote.6.20%
All news about BHARTI AIRTEL LIMITED
02/26BHARTI AIRTEL : Raises $1.25 Billion From Selling Bonds Overseas
MT
02/24BHARTI AIRTEL : Launchs Advertising Business
MT
02/24BHARTI AIRTEL : India's largest stock exchange reopens after telecoms glitch
RE
02/23BHARTI AIRTEL : Partners with Qualcomm for 5G Telecom Network Expansion in India
MT
02/23BHARTI AIRTEL : Airtel and Qualcomm to Collaborate for 5G in India
AQ
02/23Bharti Airtel partners with Qualcomm to drive 5G services in India
RE
02/17BHARTI AIRTEL : to Acquire 20% Stake in Direct-to-Home Arm from Warburg Pincus f..
MT
02/17BHARTI AIRTEL : to buy Warburg Pincus stake in DTH business for $430 million
RE
02/04BHARTI AIRTEL : Board Approves Proposal to Raise Up to $1 Billion Via Bond Offer..
MT
02/03BHARTI AIRTEL : Swings Back to Profit in Fiscal Q3
MT
More news
Financials
Sales 2021 1 019 B 13 780 M 13 780 M
Net income 2021 -161 478 M -2 185 M -2 185 M
Net Debt 2021 1 357 B 18 363 M 18 363 M
P/E ratio 2021 -19,3x
Yield 2021 0,31%
Capitalization 3 038 B 41 007 M 41 102 M
EV / Sales 2021 4,32x
EV / Sales 2022 3,76x
Nbr of Employees 17 917
Free-Float 43,6%
Chart BHARTI AIRTEL LIMITED
Duration : Period :
Bharti Airtel Limited Technical Analysis Chart | 532454 | INE397D01024 | MarketScreener
Technical analysis trends BHARTI AIRTEL LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Average target price 728,62 INR
Last Close Price 557,10 INR
Spread / Highest target 79,5%
Spread / Average Target 30,8%
Spread / Lowest Target 14,9%
EPS Revisions
Managers and Directors
NameTitle
Gopal Vittal CEO, Managing Director & Executive Director
Badal Bagri Co-Chief Financial Officer
Nakul Sehgal Co-Chief Financial Officer
Sunil Bharti Mittal Chairman
Randeep Singh Sekhon Chief Technical Officer & Network Director
Sector and Competitors
1st jan.Capitalization (M$)
BHARTI AIRTEL LIMITED9.39%41 007
SOFTBANK CORP.11.45%63 435
CELLNEX TELECOM, S.A.-8.29%26 522
SAFARICOM PLC13.14%14 133
TELE2 AB-1.89%8 742
MTN GROUP LIMITED20.77%8 615