Bharti Airtel Share Price: “Despite the recent volatility in the broader market, Bharti Airtel stock has managed to sustain its upward trend. The stock has formed a 135-day rounding bottom pattern, which was followed by a breakout,” Kapil Shah, Technical Analyst, Emkay Global Financial Services Limited and Trainer at FinLearn Academy, said.
Bharti Airtel's revenue market-share stood at 36.7 per cent in the June quarter,. CLSA said Bharti Airtel's revenue market-share is up five percentage points in three years.
HDFC Bank has declined from a high of Rs 1,758 levels to a low of Rs 1,558 levels. In last 9 months, it has found support in the range of Rs 1,530-1,580 on multiple occasions.
Hot stocks for next week: Domestic equity market closed higher on Friday (August 4), snapping a three-day losing streak. Bharti Airtel, Castrol India, Karur Vysya Bank, BHEL, SBI among hot stocks next week (August 7-11). Watch this Business Today Visual Story to know more.
Axis Securities CIO Naveen Kulkarni says the Nigerian currency devaluation losses reported in Bharti Airtel s African business were not unexpected. Kulkarni explains analysts expected a significant impact on the company s transnational effect on African revenues, however, the Rs 200 ARPU number is an encouraging sign. The stock is expected to open slightly higher based on Bharti s results, Kulkarni said, and added the internal details and management commentary must be reviewed.