Hey Everyone,
First of all I wish you all a Happy new year, i hope everyone will make good profis this year with a good health.
I wanted to share my thoughts on Bharti Airtel’s stock based on a recent analysis I conducted. I believe it’s crucial for us to exchange insights and gather opinions from various perspectives, so I would greatly appreciate your feedback on my analysis.
Feel free to share your insights, and let’s engage in a constructive discussion on this. Your feedback is valuable and can provide additional perspectives on the stock’s potential future movements.
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Happy New Year to you too!
When it comes to Bharti Airtel’s stock, it’s worth noting that the company’s wireless business in India has managed to retain subscribers better than its competitors, despite a minor decline in overall subscribers. The average revenue per user (ARPU) is expected to increase to ₹200 by FY24, which is driven by tariff hikes and an increase in 4G users.
While Bharti Airtel’s debt-to-equity ratio is high at 1.79%, indicating significant debt, the company effectively manages its debt interest payments. Recent strategic developments include expanding services, such as the launch of Xsafe, a home surveillance solution, and entering new ventures, highlighting its efforts to diversify and strengthen its position in the market. Stock forecasts for 2024 suggest a positive outlook with predictions ranging from ₹920 to ₹1,050, reflecting potential growth driven by the company’s strong market presence and focus on expanding digital services.
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It is forming High low in all Swings, The Trend is UP…But We should not buy at Swing high breakout. If I wanna trade this, I will wait it to come atleast to 50DMA in Daily to look for Swing Trades.
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