Bharti Airtel's Stock Reaches 52-Week High, Receives 'Buy' Call from MarketsMOJO

Sep 20 2024 01:35 PM IST
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Bharti Airtel's stock price reached a 52-week high on September 20, 2024, with a 3.49% increase from the previous day. The stock has consistently outperformed the sector and is currently trading above its moving averages. The telecommunication industry has also seen a positive trend, with Bharti Airtel's stock outperforming the Sensex's growth in the last year.

Bharti Airtel, one of the leading telecommunication service providers in India, has reached a new milestone as its stock price touched a 52-week high on September 20, 2024. This positive development has been noted by MarketsMOJO, who have given a 'Buy' call for the stock.

The stock has been performing exceptionally well, outperforming the sector by 1.07% today. It has also seen consecutive gains for the last two days, with a rise of 4.19% during this period. The day's high for the stock was Rs 1723.2, a 3.49% increase from the previous day.

Bharti Airtel's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. This is a positive sign for investors, as it shows the company's stock is consistently performing well.

The telecommunication - service provider sector has also seen a gain of 2.59%, further highlighting the positive sentiment in the industry. Bharti Airtel's stock has also outperformed the Sensex's performance in the last year, with a 87.27% increase compared to the Sensex's 25.75% growth.

This news is a testament to Bharti Airtel's strong performance and growth in the telecommunication industry. With its stock reaching a new high and receiving a 'Buy' call from MarketsMOJO, investors can be confident in the company's future prospects.
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