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    532454   INE397D01024

BHARTI AIRTEL LIMITED

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Bharti Airtel : Indian shares post worst day in two months as HDFC Bank drags finance stocks

07/19/2021 | 07:29am EDT
FILE PHOTO: Broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

BENGALURU (Reuters) - Indian shares fell more than 1% on their worst day in over two months on Monday, dragged down by HDFC Bank-led banking stocks, while a surge in worldwide coronavirus cases hurt global stocks and further dented sentiment.

The blue-chip NSE Nifty 50 index closed down 1.07% at 15,752.4, while the benchmark S&P BSE Sensex ended 1.1% lower at 52,553.4 on Monday. Both the indexes had hit all-time highs in the previous session.

HDFC Bank was the top loser, ending down about 3.4% after it missed quarterly profit expectations on Saturday as bad loan provisions rose and asset quality deteriorated. The Nifty Bank index slipped 1.9%.

Shares of Adani Group companies fell between 1.1% and 4.8% on news India's securities regulator and customs authorities were investigating some group companies for non-compliance of rules.

Shares of HDFC Life were down 2.8% after the company reported a 33% fall in quarterly profit as claims soared due to the second COVID-19 wave.

Global stocks were facing their longest losing streak since the pandemic first hit global markets 18 months ago after a surge in worldwide coronavirus cases pushed down bond yields.

Global economic growth is also beginning to show signs of fatigue as many countries, particularly in Asia, struggle to curb the highly contagious Delta variant of the novel coronavirus and have been forced into some form of lockdown. [MKTS/GLOB]

The Indian rupee dropped to its lowest level in three months on Monday, in line with other Asian currencies, as the rapid spread of the Delta variant of coronavirus threatened to derail economic recovery.

(Reporting by Vishwadha Chander in Bengaluru; Editing by Shailesh Kuber and Maju Samuel)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHARTI AIRTEL LIMITED 1.39% 728.15 End-of-day quote.42.97%
HDFC BANK LIMITED 1.42% 1582.15 End-of-day quote.10.15%
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Analyst Recommendations on BHARTI AIRTEL LIMITED
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Financials
Sales 2022 1 129 B 15 326 M 15 326 M
Net income 2022 50 692 M 688 M 688 M
Net Debt 2022 1 419 B 19 261 M 19 261 M
P/E ratio 2022 77,7x
Yield 2022 0,33%
Capitalization 3 997 B 54 243 M 54 235 M
EV / Sales 2022 4,80x
EV / Sales 2023 4,07x
Nbr of Employees 18 329
Free-Float 44,0%
Chart BHARTI AIRTEL LIMITED
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Bharti Airtel Limited Technical Analysis Chart | 532454 | INE397D01024 | MarketScreener
Technical analysis trends BHARTI AIRTEL LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Last Close Price 728,15 INR
Average target price 748,35 INR
Spread / Average Target 2,77%
EPS Revisions
Managers and Directors
Gopal Vittal CEO, Managing Director & Executive Director
Badal Bagri Chief Financial Officer
Sunil Bharti Mittal Chairman
Randeep Singh Sekhon Chief Technical Officer & Network Director
Pradipt Kapoor Chief Information Officer
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