InvestorQ : Is it true that Bharti Airtel has been one of the best performing companies on the Nifty in year 2020? What does it hold for the future?
Moii Chavate made post

Is it true that Bharti Airtel has been one of the best performing companies on the Nifty in year 2020? What does it hold for the future?

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swati Bakhda answered.
12 months ago
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On 15 April, Bharti Airtel became the fifth most valuable listed company in India in terms of market capitalisation. Bharti actually overtook HDFC to reach the fifth position in the market cap rankings. Now Bharti ranks behind RIL, TCS, HUVR and HDFC Bank in the value sweepstakes. Bharti has overtaken HDFC in terms of market cap for the first time after 2014. If you look at calendar year 2020, Bharti Airtel has surged by 17% compared to 33% fall in the HDFC stock price and 24% per cent fall in the Sensex. Bharti Airtel has been a big beneficiary of telecom competition reduction and has been an indirect beneficiary of the lockdown as it has led to sharp spike in data demand. Analysts are already pegging a 17% sequential growth in wireless revenues largely driven by 13% growth in ARPUs. Bharti surely looks in a sweet spot for the long term investor.

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