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Rakesh Madhav CFA

4th Nov · SEBI-Registered Analyst

📡 Bharti Airtel Ltd

CMP: ₹2,113 | Change: +1.9% | Sector: Telecom & Digital Services Technical View:

BHARTIARTL
continues its steady uptrend, marking fresh 52-week highs. The Congestion Index at +76 reflects strong price momentum. RSI near 70 indicates slight overbought conditions but no signs of reversal yet. Short-term trend remains positive above ₹2,060 support, with next resistance seen near ₹2,180–₹2,200. Fundamental View: Airtel’s growth remains broad-based — strong India mobile ARPU (~₹208), enterprise expansion, and consistent 5G rollout. Consolidated revenue grew ~12% YoY; margin improved on tariff stability and higher data usage. The company continues deleveraging, with net debt-to-EBITDA improving to 2.3x. Analyst Rating: Brokerages stay Overweight/BUY with a target of ₹2,350 (upside ~11%) and stop-loss ₹2,060. Analysts expect earnings momentum to continue, backed by tariff hikes and digital business monetization

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