Stock Market Highlights: Nifty Logs Worst Weekly Losing Streak Since 2008; Trent, Airtel Among Top Losers
Bharti Airtel is in focus.
· NDTV Profit
Among sectors, gains were seen in Nifty Realty, Nifty Auto, Nifty Metals, Nifty Private Bank and Nifty FMCG, while Nifty IT, Nifty Pharma dn Nifty Oil & Gas reeled under selling pressure.
The analysis
Against that, the stock is -2.1% on the day at ₹1,795.00, and has returned -4.5% over three months. It sits 17% below its 52-week high. The telecom & media sector has moved +3.3% over the same period, so Bharti Airtel is running 7.8 points behind its peers.
For Bharti Airtel, the question is how much of this is already reflected in the price and how much re-rates the telecom & media peer set alongside it.
Market context
- The company directly in focus is BHARTIARTL.
- Sector exposure: Telecom & Media, Auto, Pharma & Healthcare.
- The immediate tone of coverage reads positive.
In this story
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