Stake buy buzz: Bharti Airtel stock looks weak, Paytm must hold its 200-DMA

Shares of Bharti Airtel may plunged up to 7 per cent on breaking 200-DMA, while Paytm shares need to holds above its 200-DMA to upheld the positive stance.

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Reports of Bharti Airtel interested in buying stake of Paytm

Avdhut Bagkar Mumbai
Shares of Bharti Airtel and One 97 Communications to remain in spotlight for coming sessions after Bloomberg reported the Indian telecom tycoon Sunil Mittal seeks to purchase a stake in the fintech payment bank.

Also, after the recent share buyback, the One 97 Communications is considering selling some part of its shares to maintain the required threshold.

Meanwhile, around ten sessions ago, the shares of One 97 Communications observed a sharp up move gaining almost 32 per cent in just four sessions. Such a move, supported with rising volumes, has caught attentions of several market participants.

Bharti Airtel stock, on

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First Published: Feb 28 2023 | 11:24 AM IST

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