Bharti Airtel stock rose 2% on Tuesday; S&P Global Ratings forecast the Airtel's India operations' reported EBITDA will triple in fiscal 2026, compared with a decade ago.
Thus far in the month of October, shares price of Bharti Airtel has soared 11.5 per cent
Bharti Airtel Q1 results: Prominent brokerage firms like Nuvama, Prabhudas Lilladher, Kotak Institutional Equities and JM Financial expect the telco to deliver healthy June quarter earnings.
A combined market-cap of Bharti Airtel (₹11.43 trillion) and Bharti Airtel's partly paid shares (₹59,994 crore) touched at ₹12 trillion in intra-day trade, the BSE data shows.
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Bharti Airtel is now ranked 4th on the Indian stock exchanges in terms of market-cap; the stock has rallied nearly 15% in the last one month.
The company's consolidated profit skyrocketed 505.2 per cent year-on-year (Y-o-Y) to Rs 14,781.2 crore in Q3FY25 versus Rs 2,442.2 crore in the same quarter last year
Vodafone Idea is expected to be one of the key beneficiaries as the company was required to submit a total of Rs 24,700 crore in BGs, ICICI Securities said in a note.
Telecom stock update: Bharti Airtel rallied 5 per cent to hit a new high at Rs 1,539; RIL rose 2% to Rs 3,129, and saw its market capitalisation touch Rs 21.12 trillion in intra-day trades today.
Notably, the stock is among the top gainers on Bombay Stock Exchange (BSE)
Near-term overhang of 5G related capex and subscriber churn should be watched by investors, they said
Tariff hike hopes and market share gains in the coming quarters could help sustain stock price
The apex court in its verdict, has prescribed new definition of adjusted gross revenue and held that all revenue accruing from telcos constitute to AGR.
MTNL saw a continuous 'gap-up' close in last 16 sessions, while Bharti Airtel has been rising with 'Higher High, Higher Low' formation.
Last week, in a major blow to the incumbent telecom players, Bharti Airtel and Vodafone-Idea, the Supreme Court ruled that the existing definition of AGR will prevail.
The stock was trading in the positive zone for the fifth straight day, hitting its highest level since March 2018.
According to Motilal Oswal Securities, Bharti and Idea could see this as a welcome positive as it could result in an increase in EBITDA by Rs 2,760 crore
Idea Cellular, Tata Communications and Bharti Airtel were down in the range of 3% to 6%, as compared to 0.32% rise in the S&P BSE Sensex at 11:17 am.