Bharti Hexacom Achieves 52-Week High Amid Strong Financial Growth and Market Resilience

Bharti Hexacom, a prominent player in the telecom services industry, has made headlines today as its stock price reached a new 52-week high of Rs 1853, marking a significant milestone for the company. This achievement comes amid a broader market environment where the Sensex opened lower, yet Bharti Hexacom outperformed its sector by 3.44%.
The stock has shown remarkable resilience, gaining consecutively over the last five days with a total return of 10.48%. Notably, it is trading above all key moving averages, indicating a strong technical position. Over the past year, Bharti Hexacom has delivered an impressive return of 83.08%, significantly outpacing the Sensex's performance of 10.38%.

Financially, the company has demonstrated robust growth, with operating profit increasing at an annual rate of 77.97% and net profit rising by 79.53%. The latest quarterly results reflect a positive trend, with net sales reaching Rs 2,289.00 crore. With a market capitalization of Rs 89,650 crore, Bharti Hexacom stands as the second-largest company in its sector, holding a 6.91% share of the telecom market.