Stock of Interest

Posted On: August 8, 2023

Stock Report:  BHARTIARTL(NSE) 07 Aug 2023 

Bharti Airtel Limited, widely recognized as Airtel, stands as a prominent Indian multinational telecommunications enterprise with its headquarters based in New Delhi. Established on July 7, 1995, by visionary entrepreneur Sunil Bharti Mittal, the company has grown to become a major player in the telecommunications industry. Operating across 18 countries spanning South Asia, Africa, and even the Channel Islands, Airtel has established a significant global presence. With subsidiaries such as Airtel Africa, Airtel India, and Bharti Infratel, the company’s influence extends across diverse regions and markets. As of 2023, Airtel boasts a workforce of approximately 21,723 dedicated employees. Airtel’s revenue has reached impressive heights, amounting to 1.4 lakh crores INR (equivalent to around US$18 billion) in the same year. 

#xCalData predicts that # BHARTIARTL will continue its bullish phase over the next five days and trend within the range of 874 to 915. 

In comparison to the previous month, the price of the stock has experienced an increase of 2.50% indicating a bullish.

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

The stock has not 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 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum.  

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

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