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

BHARTI AIRTEL LIMITED

(532454)
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Nifty, Sensex end higher on Airtel boost, rebound in factory data

09/01/2020 | 05:04am EST
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

Indian shares closed higher on Tuesday, boosted by Bharti Airtel Ltd's gains after the country's top court gave mobile carriers 10 years to pay dues owed to the government, with encouraging manufacturing data supporting risk appetite.

The blue-chip NSE Nifty 50 index closed up 0.73% at 11,470.25 while the benchmark S&P BSE Sensex ended 0.71% higher at 38,900.80. Both the indexes shed more than 2% on Monday after a fresh border flare-up between India and China.

The Supreme Court's move to stagger telecom dues offered respite for companies like Bharti Airtel, which have been hit by cut-throat competition. The company's stock, the biggest boost to the Nifty, closed up 6.5%.

Vodafone Idea Ltd, on the other hand, ended 13.2% lower, with analysts saying the heavily indebted company may find it difficult to raise enough funds to meet the payment requirements.

Investors also looked past Monday's data that showed India suffered its worst economic contraction on record and focused on a private business survey that showed domestic factory activity grew in August for the first time in five months.

Indian equities have rallied more than 50% since a virus-led crash in March despite a flurry of grim data and rising COVID-19 infections, as huge flows of cheap capital provided by global central banks made heavily discounted stocks attractive.

The Nifty pharma index closed 2.34% higher, while the Nifty auto index ended 0.58% higher, helped by a 1% rise in the country's top carmaker, Maruti Suzuki India Ltd, which reported higher sales for August.

Refiner Oil and Natural Gas Corporation Ltd, which is due to report quarterly results later in the day, and telecom infrastructure firm Bharti Infratel Ltd were the top percentage losers on the Nifty.

(Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BHARTI AIRTEL LIMITED 3.84% 602.5 End-of-day quote.18.30%
BHARTI INFRATEL LIMITED 2.54% 262.2 Delayed Quote.14.05%
LONDON BRENT OIL -2.91% 54.8 Delayed Quote.9.17%
MARUTI SUZUKI INDIA LTD -1.53% 8024.75 Delayed Quote.4.90%
NIFTY 50 -1.11% 14433.7 Delayed Quote.3.23%
SENSEX 30 -1.11% 49034.67 Real-time Quote.3.84%
VODAFONE GROUP PLC -1.33% 127.22 Delayed Quote.5.19%
VODAFONE IDEA LIMITED 10.98% 13.65 Delayed Quote.28.17%
WTI -3.09% 52.11 Delayed Quote.11.60%
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Financials
Sales 2021 1 023 B 13 982 M 13 982 M
Net income 2021 -144 214 M -1 971 M -1 971 M
Net Debt 2021 1 336 B 18 265 M 18 265 M
P/E ratio 2021 -22,8x
Yield 2021 0,30%
Capitalization 3 286 B 44 917 M 44 912 M
EV / Sales 2021 4,52x
EV / Sales 2022 3,98x
Nbr of Employees 19 138
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 672,41 INR
Last Close Price 602,50 INR
Spread / Highest target 39,4%
Spread / Average Target 11,6%
Spread / Lowest Target -11,2%
EPS Revisions
Managers and Directors
NameTitle
Gopal Vittal CEO, Managing Director & Executive Director
Sunil Bharti Mittal Chairman
Ajai Puri Chief Operating Officer-India & South Asia Region
Badal Bagri Co-Chief Financial Officer
Nakul Sehgal Co-Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
BHARTI AIRTEL LIMITED18.30%44 917
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CELLNEX TELECOM, S.A.-5.17%27 403
SAFARICOM PLC6.72%13 304
TELE2 AB7.00%9 570
DIGI.COM-0.97%7 893