Bharti Hexacom Shows Resilience Amid Market Volatility with Notable Stock Gains

Jan 23 2025 01:35 PM IST
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Bharti Hexacom has demonstrated notable performance in the telecommunications sector, achieving consecutive gains over two days. The stock experienced significant intraday volatility, with fluctuations between a high and low. Currently, it is positioned above certain moving averages while showing a decline over the past month compared to the broader market.
Bharti Hexacom, a key player in the telecommunications sector, has shown significant activity today with a gain of 5.7%. This performance outstripped its sector by 4.35%, highlighting a positive trend as the stock has achieved consecutive gains over the last two days, totaling a return of 5.61%.

The stock opened the day down by 2.65% but rebounded to reach an intraday high of Rs 1365.05, marking a rise of 6.1%. However, it also experienced notable volatility, with a low of Rs 1252.55, resulting in an intraday fluctuation of 6.13%.

In terms of moving averages, Bharti Hexacom's stock is currently positioned above the 5-day and 200-day moving averages, while it remains below the 20-day, 50-day, and 100-day moving averages. Over the past month, the stock has declined by 9.02%, contrasting with a 2.46% decrease in the Sensex. Its one-day performance of 4.23% also stands in contrast to the Sensex's modest gain of 0.27%.
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