Stock of Interest

Posted On: August 16, 2023

Stock Report: BHARTIARTL (NSE) 14 Aug 2023 

Bharti Airtel Limited, commonly known as Airtel, is a prominent Indian multinational telecommunications services company with its headquarters based in New Delhi. Established on July 7, 1995, in India by its founder Sunil Bharti Mittal, Airtel has since grown to become a major player in the telecommunications industry. Operating across 18 countries spanning South Asia and Africa, as well as including the Channel Islands, Airtel offers a wide range of telecommunication services. The company’s workforce comprises approximately 21,723 employees as of 2023. Airtel is under the umbrella of the parent organization Bharti Enterprises. In terms of financial performance, Airtel has achieved substantial success, generating a revenue of 1.4 lakh crores INR (equivalent to US$18 billion) in the year 2023. Notable subsidiaries of Airtel include Airtel Africa, Airtel India, and Bharti Infratel.

#xCalData predicts that #BHARTIARTL will continue its bearish phase over the next five days and trend within the range of 836 to 880.   

In comparison to the previous month, the price of the stock has experienced a decline of 2.03% indicating a bearish.

The Stock has doubled once since 14 Dec 2015 and took an average of 5.6 years to double.

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 4 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Some of the technical indicator namely MACD, Trendline indicates Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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