On Thursday, April 17, shares of Bharti Airtel soared nearly 3%, reaching an all-time high in a fluctuating market. The stock opened at ₹1,831.60, slightly above its previous close of ₹1,823, and quickly surged to a peak of ₹1,877.10. By around 11:55 AM, shares were trading at ₹1,875, marking a significant gain on the BSE.
Bharti Airtel’s Share Price Performance
The upward trend in Bharti Airtel’s stock price is notable, especially amidst the market’s recent volatility. So far this year, the telecom giant’s shares have appreciated by 15% as of April 16, contrasting sharply with the 1.4% drop in the Sensex. Over the past year, the stock has experienced a remarkable 50% increase. Additionally, in the last three and five years, returns have reached 147% and 266% respectively.
- 52-week low: ₹1,215.70 (April 18 last year)
Factors Driving Bharti Airtel’s Stock Surge
The recent surge in share prices can largely be attributed to the company’s robust growth outlook. Bharti Airtel has recently partnered with Blinkit, enabling customers to receive SIM cards at their homes within 10 minutes. This innovative service sets the company apart in the telecommunications sector. As of now, Airtel operates in 16 cities, with plans for further expansion.
Industry experts are also anticipating strong earnings for the company in Q4 FY25. According to insights from Motilal Oswal Financial Services, Bharti Airtel’s revenue is projected to grow by 27% year-on-year, while adjusted profit after tax (PAT) could see an impressive 99.2% increase. Additionally, Kotak Institutional Equities estimates a 26% revenue growth and an 89% rise in adjusted PAT, driven primarily by increasing subscriber numbers in the Indian wireless market.
Expert Insights on Bharti Airtel Stock
Shitij Gandhi, a Senior Technical Research Analyst at SMC Global Securities, emphasizes that the stock is currently in a bullish trend, having recently achieved a fresh breakout after a period of consolidation. He believes that as long as the stock remains above ₹1,750, the outlook will stay positive, projecting potential rallies towards ₹2,050 in the coming months.
- Key support levels: ₹1,720, ₹1,675
- Potential resistance levels: ₹1,880, ₹1,980
Similarly, Mandar Bhojane, an equity research analyst at Choice Broking, notes that the stock consistently forms higher highs and higher lows, indicating a robust bullish trend. He points out that a breakout from a rounding bottom pattern suggests a positive long-term sentiment. If the stock maintains its position above ₹1,800, it may reach new resistance zones at ₹1,900 and ₹1,950.
Recommendations for Investors
Despite the bullish outlook, some analysts suggest caution. Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, warns that the stock is nearing its R4 Camarilla monthly pivot resistance, which could indicate a pause or reversal in momentum. He advises that this could be a strategic point for profit-taking, especially for those with long-held positions.
- Recommended stop-loss: ₹1,750
- Suggested strategy: Consider buying on dips near ₹1,800, aligning with both psychological and technical support levels.
The overall sentiment surrounding Bharti Airtel remains optimistic, positioning it as a strong investment option for those looking to capitalize on its growth potential.
For ongoing updates and insights on market trends, stay connected with our financial news portal.
