Airtel share price: current and prediction

You are interested by Airtel money but you wonder if Bharti Airtel is safe enough ? Wo won’t ? In this article, you’ll find all you need for an overlook of the company’s financial condition. No sophisticated numbers here, just a brief introduction !

Bharti Airtel is a network operator founded in India in 1995 by the businessman Sunil Bharti Mittal. Since then, the company tremendously grew up in India and worldwide. With a lot of acquisitions in the telecom industry, Bharti Airtel stopped its rapid growth around 2008. The company was confronted to the harsh competitiveness of the telecom sector. In 2010, Bharti Airtel initiated a strategical reorganization with the acquisition of Zain in 15 African countries and a new rebranding. That also conducted to the increasing part of Singtel into Bharti Airtel shareholdings.

As for many network operators, Bharti Airtel Limited share price known a sensational rise between 2005 and 2010. The share price 85,37 INR in December 2005 and grew up until 454,73 INR in December 2010. After that, Bharti Airtel share price had to face a stabilization face during almost 8 years. During this time, the share price balanced between 227 INR and 480 INR. That’s only since 2018 that the company recognizes a regular rise of its share price which attained 593,20 INR in May 2020.

That’s it with the history, let’s have a look on the actuality now !

Bharti Airtel Limited share price recent history is linked to the introduction of Airtel Africa on the London Stock Exchange. Airtel Africa Limited share price on the LSE was 65 GBX on the 12th of October 2020, the equivalent in dollars is 0,84 USD. The company entered on the LSE in 2019, being the biggest valuation of the year. After a deep fall between March and June 2020 due to the Covid-19 crisis, Airtel Africa share price jumped again to reach 63 GBX on July 2020 and overcame the market’s quake.

The difficult introduction of 2019 onto the market damaged Airtel rates during many months. The Covid-19 crisis accentuated this process and since January 2020, Airtel Africa and Bharti Airtel were downgraded to BBB rate on the LSE. Thanks to its jump in recent months, the rate climbed to AAF. In 2020, Airtel Africa also opened itself to local markets as in Nigeria and Malawi. The excellent results of Airtel Africa in the last weeks also belongs to the success of Airtel money, the mobile money of the operator.

In recent months, Bharti Airtel faced the covid-19 crisis like everyone else and on the 24^th March 2020, the share price was only 404,70 INR before climbing up to 594,55 in May 2020. Since then, Bharti Airtel share price decreased quickly and on the 16^th of October, it downgraded to 401,65 INR. A difficult moment for the company which is paying 3 different moves :

Need some predictions about Airtel share price ? Let’s see that together !

Bharti Airtel share price prediction looks quite easy to make according to some specialists. The company’s investments in R&D were made to seek meaningful revenue in the next 3-4 quarters and create new streams of revenue. The company has set a five-year target to emerge as a strong player in the space of 5G telecom.

As the company is actually building for the future and suffering from heavy costs in R&D and strategical shift, Airtel share price forecast approaches a slow but regular growth in the next years. As the company’s share-price attained one of its lower rates since 2015, the rebound is near. Actually, since the 19^th of October, the share price is rising again… Now you are reassured, it would be a nice moment to try Monisnap and transfer Airtel money to your relatives !

With an Airtel wallet, people can do almost everything ! Some of your relative is in India and you want to send him a bit of mobile money on his Airtel wallet ? Try Monisnap. With our solution, avoid heavy fees and send money as fast as possible ! Just follow these steps :

•         Identify on mobile app

•         Inform the payee and the amount

•         Confirm. The payee can immediately use the money available in his Airtel’s wallet

Still not convinced ? Go to our website or download our application : your first transfer is free !