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    532454   INE397D01024

BHARTI AIRTEL LIMITED

(532454)
  Report
End-of-day quote. End-of-day quote Bombay Stock Exchange - 10/14
686.15 INR   -0.58%
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10/11MTN Uganda announces share price for biggest Ugandan IPO
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10/10BHARTI AIRTEL : Appoints New CFO India, South Asian Markets
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares hit new peaks as telcos, auto stocks jump on govt support package

09/15/2021 | 06:41am EDT

BENGALURU, Sept 15 (Reuters) - Broad-based gains propelled Indian shares to record highs on Wednesday, with auto stocks and cash-strapped telecom firms among the best performers after the government approved support packages for the sectors.

The blue-chip NSE Nifty 50 index closed 0.8% higher at 17,519.45 and the benchmark S&P BSE Sensex ended up 0.82% at 58,723.20, both settling at record peaks.

Indian equities have outperformed their Asian peers this year on the back of continued monetary policy support and the opening up of the economy from pandemic-induced restrictions.

The market is not likely to see a major correction in the near term and will focus on global events for cues, said Siddharth Purohit, a research analyst at SMC Global Securities.

Investor sentiment on Wednesday got a boost from the federal cabinet's decision to approve a production-linked incentive scheme for the automobile sector and a much-expected relief package for the embattled telecoms industry.

The S&P BSE Telecom index settled up 3.45% to rise for a fourth session. Debt-laden Vodafone Idea jumped as much as 7% and larger rival Bharti Airtel ended 4.4% higher.

The sub-index for Indian auto stocks gained 0.8%, with Tata Motors rising 1.9%.

Public sector banks jumped as much as 3% in their best session in nearly two months.

Tech stocks advanced 1.8%, with HCL Technologies scaling a record peak after signing a deal to expand its partnership with fintech company Finastra.

Energy stocks hit an all-time high, with electricity generator NTPC Ltd surging nearly 7% to the top of the Nifty index.

(Reporting by Soumyajit Saha in Bengaluru; Editing by Aditya Soni)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHARTI AIRTEL LIMITED -0.58% 686.15 End-of-day quote.34.72%
NTPC LTD 2.08% 149.4 Delayed Quote.50.38%
TATA MOTORS LIMITED -1.84% 497.45 End-of-day quote.170.79%
VODAFONE IDEA LIMITED 0.47% 10.75 Delayed Quote.0.94%
All news about BHARTI AIRTEL LIMITED
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10/11MTN Uganda announces share price for biggest Ugandan IPO
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10/10BHARTI AIRTEL : Appoints New CFO India, South Asian Markets
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10/08Bharti Airtel Limited Announces Chief Financial Officer Changes
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10/08BHARTI AIRTEL LIMITED(UNQ : ) dropped from FTSE All-World Index
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10/06BHARTI AIRTEL : and Ericsson Conduct India's First Rural 5G trial
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10/06BHARTI AIRTEL : French satellite firm Eutelsat raises stake in UK company OneWeb
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10/05Telecoms firm MTN Uganda to list 20% stake, boost investment
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10/05Indian shares end higher on boost from energy, tech stocks
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10/05Bharti Airtel Conducts India's First Rural 5G Trial in Partnership with Ericsson
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More news
Analyst Recommendations on BHARTI AIRTEL LIMITED
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Financials
Sales 2022 1 125 B 15 003 M 15 003 M
Net income 2022 48 861 M 651 M 651 M
Net Debt 2022 1 365 B 18 200 M 18 200 M
P/E ratio 2022 76,7x
Yield 2022 0,33%
Capitalization 3 766 B 50 214 M 50 207 M
EV / Sales 2022 4,56x
EV / Sales 2023 3,84x
Nbr of Employees 18 329
Free-Float 41,0%
Chart BHARTI AIRTEL LIMITED
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Bharti Airtel Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends BHARTI AIRTEL LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Last Close Price 686,15 INR
Average target price 764,21 INR
Spread / Average Target 11,4%
EPS Revisions
Managers and Directors
Gopal Vittal CEO, Managing Director & Executive Director
Badal Bagri Chief Financial Officer
Sunil Bharti Mittal Chairman
Randeep Singh Sekhon Chief Technical Officer & Network Director
Pradipt Kapoor Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
BHARTI AIRTEL LIMITED34.72%50 214
SOFTBANK CORP.18.29%62 899
CELLNEX TELECOM, S.A.25.39%42 211
MTN GROUP LIMITED132.46%17 251
SAFARICOM PLC25.84%15 564
TELE2 AB18.55%10 311