Bharti Hexacom Achieves 52-Week High Amid Strong Financial Performance and Market Position

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. 2023.05, marking an impressive intraday increase of 11.6%. This surge has allowed the stock to outperform its sector by 3.73%, showcasing its robust market position.
The company's performance over the past year has been remarkable, with a return of 61.48%, significantly surpassing the BSE 500's return of 4.10%. Bharti Hexacom's operating profit has demonstrated a strong annual growth rate of 77.97%, while net profit has surged by 79.53%, reflecting the company's consistent positive results over the last three quarters.

With a market capitalization of Rs. 90,635 crore, Bharti Hexacom stands as the second-largest company in its sector, accounting for 6.55% of the entire telecom industry. The company reported net sales of Rs. 2,289 crore, marking a significant achievement in its financial performance.

As the Sensex continues to rise, trading above its 50-day moving average, Bharti Hexacom's strong fundamentals and market-beating performance position it favorably within the telecom landscape.