Bharti Airtel Limited up by 4.49 percent: Market Update By Espresso

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Espresso Shot of the Day - Bharti Airtel Ltd up by 4.49 percent

September 30, 2022
Espresso Shot of the Day - Bharti Airtel Ltd up by 4.49 percent

BHARTI AIRTEL LTD 799.75 (+4.49%) BSE – INE397D01024 |30th September 2022

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Bharti Airtel Limited is a leading global telecommunications company with operations in 18 countries across Asia and Africa. Headquartered in New Delhi, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed home broadband, DTH, enterprise services including national & international long-distance services to carriers. In the rest of the geographies, it offers 2G, 3G, 4G wireless services and mobile commerce. Bharti Airtel has over 403 million customers across its operations.


Recent Drivers

  • On September 30,2022, Bharti Airtel hit a record high ahead of the launch of 5G services in India, which is being planned on Saturday, October 1. Analysts at JP Morgan believe that Bharti Airtel is one of the key beneficiaries of Indian wireless market consolidation.
  • Airtel Payments Bank has started rolling out 1.5 lakh micro ATMS in a phased manner across tier 2 cities and semi-urban regions to facilitate cash withdrawal for its customers, the company said on September 28, 2022.
  • Singapore Telecommunications Ltd (Singtel) has concluded the planned sale of a 3.33% stake in Bharti Airtel for around Rs. 14,400 crores on September 28, 2022.
  • Bharti Airtel has entered the home surveillance business with the launch of its services in 40 cities, including Mumbai, Delhi-NCR, Bengaluru, Chennai and Kolkata, the company said on September 26,2022. The company will charge Rs. 999 per year for the first camera and Rs 699 per year for add-on camera, besides one time product and installation cost.
  • The company has reported a quarterly net profit of Rs.1,606.90 crores in June 2022, up 466.81% from Rs.283.50 crores in June 2021 on August 8,2022.
  • The company has reported a quarterly net sale figure of Rs.32,804.60 crores in June 2022 up 22.16% from Rs.26,853.60 crores in June 2021 on August 8,2022.
  • The company has declared the final dividend of Rs. 3 per fully paid-up equity share of face value Rs. 5/- each as recommended by the Board on July 21,2022, if approved at the AGM.


(Sources: BSE, Money control, Business Standard, Economics Times)


Technical Force*

  • S&P Sensex month till date loss by 3.54%.
  • 3 months avg. BSE volume: 420,296
  • Quantity traded: 2,62,475| Deliverable quantity: 1,00,423 (38.26%).
  • Stock price jumped by more than 20 % from a one-year low level: 629.05 (July 14, 2022)
  • Daily RSI (14) is near oversold territory today.
  • 52-week-high: 808.85| 52-week-low: 629.05


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1093.27

937.58

810.72

655.03

528.17

372.48

245.62

43.85

Fibonacci Pivot

937.58

829.65

762.97

720.02

655.03

590.05

547.10

482.42

372.48


Today’s Close

799.75

SMA

BSE

10 DAY

775.11

20 DAY

772.18

50 DAY

732.86

200 DAY

709.02


Some Key Ratios (Source: BSE)

Market Cap:  4,44,919.45Crores

PE:  -

OPM%: 55.84

ROE%:  -

Promoters holding%: 55.93

Prev. Close:  765.40


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.