Bharti Airtel Hits Record High, Crosses Rs 2000 Mark For First Time; Time To Book Profit Or Hold?
Shares of Bharti Airtel surged over 2 per cent on June 26, reaching a fresh all-time high; What should investors do now?
Bharti Airtel Shares: Shares of Bharti Airtel surged over 2 per cent on June 26, reaching a fresh all-time high of Rs 2,003.80 apiece on the BSE. The stock has recorded gains in six out of the past seven trading sessions, rising over 8 per cent during this period.
So far in 2025, Bharti Airtel's shares have rallied over 25 per cent. Over the past one year, the telecom major has delivered nearly 37 per cent returns, and a massive 263 per cent gain over the last five years.
The latest rally in the stock price has been supported by upbeat analyst commentary. Axis Securities, in its weekly technical note, highlighted that the stock has formed a strong bullish candle on the charts. The brokerage said that, as per its analysis, Bharti Airtel could rise to Rs 2,115 per share in the near term.
On Monday, global brokerage firm Jefferies reiterated its 'Buy' rating on the stock with a target price of Rs 2,370. The brokerage outlined four key reasons to own the stock. First, it sees the company as the best way to play the ongoing consumption story in India. Second, it highlights a significant runway for mid-teens revenue growth over the medium term.
Third, the brokerage noted that the company's capital expenditure intensity has structurally declined, improving cash flows and return ratios.
Lastly, it believes the stock's valuations have significant scope for re-rating, offering attractive upside potential for investors.
Earlier, Macquarie also maintained a positive outlook and raised its target price on Bharti Airtel to Rs 2,050. The brokerage continues to consider the telecom giant a core investment idea, retaining it in its 'India Super 6s' list. Macquarie has also adopted a scenario-weighted valuation framework to better account for Bharti Airtel's long-term growth prospects and shifting market conditions.
Brokerages widely agree that improving financials and a favourable sector backdrop point to continued strength in Bharti Airtel shares over the coming quarters.
Bharti Airtel is expected to benefit significantly from India's booming 5G adoption. According to an updated report by Swedish telecom equipment maker Ericsson, India's 5G subscriber base is projected to rise more than three-fold to 98 crore users by 2030. In contrast, the number of 4G users is expected to decline by 60 per cent, to 23 crore during the same timeframe.
'By the end of 2024, 5G subscriptions in the country had already reached 290 million, accounting for 24 per cent of total mobile subscriptions," the report stated. This figure is estimated to jump to 980 million by 2030, making up 75 per cent of all mobile subscribers.
Ericsson's report also highlighted that India's rapid 5G expansion is being driven by soaring data consumption, robust mid-band spectrum coverage, the growing penetration of 5G smartphones, and widespread Fixed Wireless Access (FWA) deployments.
First Published:
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Gazette
18 minutes ago
- India Gazette
FPIs make net investment of over Rs 13,000 cr into Indian stocks this week
Mumbai (Maharashtra) [India], June 28 (ANI): Foreign portfolio investors (FPIs) made a net investment of Rs 13,107.54 crore into Indian markets during the week of June 23 to June 27, according to data released by the National Securities Depository Limited (NSDL). The inflow reflects strong investor confidence in Indian equities. The data showed that FPIs made heavy investments in the Indian equity market, especially on Monday and Friday, indicating a positive shift in sentiment. With these fresh inflows, the total net investment by foreign investors in the month of June has now reached Rs 8,915 crore. This turnaround in foreign investor activity comes after geopolitical tensions between the US, Iran, and Israel eased in recent days. The easing of tensions has improved global market sentiment, encouraging foreign investors to look at emerging markets like India more positively. Additionally, strong domestic fundamentals are supporting this renewed interest. The Reserve Bank of India (RBI) recently cut interest rates by 50 basis points in its latest Monetary Policy Committee (MPC) meeting, which is expected to boost economic growth. Moreover, inflation in the Indian economy remains at a low level, further strengthening investor confidence. The combination of global stability, policy support, and strong macroeconomic indicators has made India an attractive destination for foreign investment at this time. On the domestic front, important drivers will be macroeconomic indicators, institutional buying support, and sector-specific triggers such as monsoon progress, consumption trends, and infrastructure push. These elements are expected to determine stock specific movements and FPI behaviour in the short term. Earlier in May, the net foreign portfolio investment (FPI) inflows remained in positive and stood at Rs 19,860 crore, making May the best-performing month so far this year in terms of foreign investment. The previous months' data also showed that FPIs had sold stocks worth Rs 3,973 crore in March. In January and February, they had sold equities worth Rs 78,027 crore and Rs 34,574 crore, respectively. (ANI)
Hans India
25 minutes ago
- Hans India
Over 10 lakh micro and small enterprises join Government e-Marketplace
New Delhi: More than 10 lakh micro and small enterprises (MSEs) have joined the Government e-Marketplace (GeM) portal and total transaction value on GeM has reached around Rs 5.40 lakh crore in FY2024-25, a top government official said on Saturday. Ajit B Chavan, Additional CEO, GeM, said the platform is a window for the MSMEs for supplying to government departments. Addressing at a PHDCCI event on the occasion of the 'World MSME Day,' he shared about the transparency of the GeM portal and opportunity it offers to the MSMEs for supplying goods to various departments. Chavan further highlighted about the GeM Sahay, which brings a complete financing solution for small businesses on GeM. The app assists in availing instant financing to serve the Government orders without any hassle. DP Goel, Co-Chair, MSME Committee, PHDCCI, stressed upon the need for rural entrepreneurship development to promote businesses and employment in the remote areas for their growth and development. Dr HP Kumar, former CMD, NSIC and advisor, PHDCCI mentioned that MSMEs are increasingly seen as a model for other countries due to their significant contributions to economic growth, job creation and innovation, particularly in developing nations. 'Their agility, adaptability, and ability to foster entrepreneurship make them attractive examples for other economies to emulate. He also stressed on the need for new enterprise creation while promoting the existing ones for their capacity building and growth,' he highlighted. V.K. Jain, Senior Manager, National Research Development Corporation (NRDC), highlighted that NRDC is India's leading technology transfer organisation with seven geographical footprints all over India to cater to the different technology requirements of MSMEs and startups. He also shared some examples of success stories of NRDC in commercialising the technologies, urging the participants to reach out to NRDC for any technology or IPR support required by the MSMEs and start-ups.
News18
28 minutes ago
- News18
Who Needs A Job? This Mumbai Beggar Earns More Than Rs 75,000 A Month
Last Updated: Bharat Jain, known as the world's wealthiest beggar, has built a surprising net worth of Rs 7.5 crore by begging on the streets of Mumbai. In the busy streets of Mumbai, near Chhatrapati Shivaji Maharaj Terminus and Azad Maidan, one man stands out, not because he's asking for money, but because he's secretly very rich. Bharat Jain, known as the world's richest beggar, has made a surprising amount of money through begging. He even owns properties and earns more than many people with regular jobs. How Bharat Jain Became the World's Wealthiest Beggar? Bharat Jain didn't grow up rich; his family faced tough financial times. They struggled to afford food and shelter, which meant Bharat couldn't go to school. But over time, he turned his life around. Today, reports say he has a net worth of Rs 7.5 crore, including several properties and an income higher than many regular workers. For the past 40 years, Bharat has mainly earned his money through begging. Reports suggest he makes around Rs 2,000 to Rs 2,500 a day, depending on where he is and how generous people are. He works around 10 to 12 hours daily, earning between Rs 60,000 to Rs 75,000 a month. Besides begging, Bharat has made smart money choices. He owns two flats in Mumbai worth Rs 1.4 crore, where he lives with his wife, two sons, father, and brother. He also owns two shops in Thane, which give him Rs 30,000 per month in rent. These wise investments help him take care of his family and plan for the future. His sons went to a well-known convent school, finished their studies, and now help with the family business. The Jains run a stationery store, which adds to their income. Even though Bharat is now financially secure, his family doesn't fully support his choice to keep begging. But he stands by it and says, 'I enjoy begging, and I don't want to give it up." In an interview with the Economic Times, Bharat said, 'I'm not greedy. I'm generous." He also shared that he visits temples and donates money. Bharat's story is not one of a kind. India's begging industry is reportedly worth about Rs 1.5 lakh crore. Others like Sambhaji Kale, who is worth Rs 1.5 crore, and Laxmi Das, with Rs 1 crore, have also gained wealth through begging. First Published:
