Bharti Hexacom Reaches All-Time High Amid Strong Market Momentum and Growth Metrics

Bharti Hexacom, a prominent player in the telecom services industry, has showcased remarkable performance today, reaching an all-time high. The stock is currently just 0.44% away from its 52-week high of Rs 1933.45, reflecting strong momentum in the market. Today, it outperformed its sector by 0.9%, marking a significant achievement as it has gained for the last eight consecutive days, accumulating a total return of 15.03% during this period.
The stock reached an intraday high of Rs 1926.8, representing a 2.1% increase. Bharti Hexacom is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust technical position. Over the past year, the stock has delivered an impressive return of 101.84%, significantly outpacing the broader market's performance.

Financially, Bharti Hexacom has reported strong growth metrics, with operating profit increasing at an annual rate of 77.97% and net profit rising by 79.53%. The company has consistently declared positive results over the last three quarters, reinforcing its strong market position. With a market capitalization of Rs 94,355 crore, Bharti Hexacom stands as the second-largest company in its sector, contributing 7.35% to the entire telecom industry.