Friday, December 27, 2024

Rationale report - 27.12.2024

 

Recommended  stocks on – 27.12.2024

   BHARTI AIRTEL -

Ø Buy price : 1618 / 1600

Ø Strong Support : 1580

Ø Resistance price : 1634 - 1640 

Reasons for Buy Recommended –

Airtel holds a strong position in the telecom market, with a growing customer base and high retention rates.

 Airtel's stock price has seen significant growth recently. Evaluate if the current price aligns with your investment strategy.

 Bharti Airtel has consistently reported strong revenue growth, supported by increased Average Revenue Per User (ARPU).

 With much of its capital expenditure on 5G infrastructure behind it, the company is expected to generate significant free cash flow.

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