Bharti Airtel Limited up by 6.99 percent | Espresso

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Espresso shot of the day – Bharti Airtel Ltd up by 6.99 percent

August 31, 2021
Espresso shot of the day – Bharti Airtel Ltd up by 6.99 percent

BHARTI AIRTEL LTD 663.70 (+6.99%) BSE – INE397D01024 | 31ST AUGUST 2021

Bharti Airtel Limited is a leading global telecommunications company with operations in 18 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 3 mobile service providers globally in terms of subscribers. In India, 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 and international long-distance services to carriers. In the rest of the geographies, it offers 2G, 3G, 4G wireless services and mobile commerce. Bharti Airtel had over 403 million customers across its operations at the end of Mar 2019.

Recent Drivers

  • On Aug 30, 2021, Bharti Airtel plans to raise up to Rs 21,000 crores by selling shares to existing investors, as India’s No. 2 telecom operator seeks to bolster cash reserves to pay statutory dues, expand and deepen its network and prepare for the auction of 5G airwaves and rollout of the technology.
  • On Aug 5, 2021, Bharti Airtel said that it has partnered with Google Cloud and Cisco to launch Airtel Office Internet to accelerate digital transformation of small businesses.
  • On Aug 4, 2021, Bharti Airtel reported net sales at Rs 16,114.2 crores in June 2021, up 7.08% from Rs 15,049.2 crore in June 2020.
  • On July 30, 2021, Bharti Airtel and global cybersecurity company Kaspersky have partnered to provide instant security for Internet users in India.
  • On July 21, 2021, Bharti Airtel and Intel announced a collaboration to develop 5G network by leveraging virtualized radio access network (vRAN) and open radio access network (O-RAN) technologies.
  • On July 16, 2021, Bharti Airtel and communications gear maker Cisco announced the launch of connectivity solutions for enterprises based on Cisco's software-defined wide area network technology.
  • On July 2, 2021, Bharti Airtel announced the launch Airtel Black – India’s first all-in-one solution for homes. The company plans to bring several of its offerings under one recharge plan for the convenience of the customers.
(Sources: Business Standard, Moneycontrol, Economic Times, Livemint, The Hindu Business Line)


Technical Force*

  • S&P BSE Sensex month till date gain up by 9.44%
  • Traded on all-time-high value of 667.95
  • Spurt in volume by more than 4.36 times compared to previous vol. | 3 months avg. volume: 7,22,622
  • Quantity traded: 17,84,501 | Deliverable quantity: 1,94,779 (10.92%)
  • Stock price has jumped more than 65% from one-year-low level: 394.05 (Oct 19, 2020)
  • Daily RSI (14) is near Overbought territory today
  • 52-week-high: 667.95 | 52-week-low: 394.05

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

850.97

731.33

620.32

500.68

389.67

270.03

159.02

58.64

Fibonacci Pivot

731.33

643.23

588.79

553.73

500.68

447.63

412.58

358.14

270.03


Today’s Close

663.70

SMA

BSE

10 DAY

618.17

20 DAY

613.96

50 DAY

567.69

200 DAY

543.60


Some Key Ratios (Source: BSE)

Market Cap: 3,64,505.85 crores

PE: -39.74

OPM%: 54.91

ROE%: -11.86

Promoters holding%: 55.86

Prev. Close: 620.35

*Chart And Technical Force data taken from the Binge desktop app.

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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.