Airtel Founder And Chairperson Sunil Bharti MittalImage Credit source: Pradeep Gaur/SOPA Images/LightRocket via Getty Images
Sunil Bharti Mittal does not need any identity. Neither does his telecom company. Airtel, one of the top companies in the country, has done wonders in the stock market. The stock is witnessing a rise for the 7th consecutive day on Tuesday. Or we can say that ever since the quarterly results of the company have come out, there has been an increase in the shares of the company. Due to which the company’s shares have reached a record high of 52 weeks.
Even on Tuesday, an increase of more than 2 percent is being seen in the company’s shares. According to the information, S&D has improved the credit rating of the company. Due to which there is a bullish atmosphere in the shares of the company. Whereas overall decline is being seen in the stock market. The special thing is that the valuation of the company has seen an increase of more than Rs 90 thousand crore in 7 days. Let us also tell you what kind of figures are being seen in Airtel shares.
Airtel shares rise in falling market
Despite the decline in the overall market, the shares of Airtel, one of the top telecom companies of the country, are seeing tremendous growth. According to the data, the company’s shares are seeing an increase of 2 percent on Tuesday and the company’s shares are trading at Rs 2,153.05. Whereas during the trading session the company’s shares reached a record 52-week high of Rs 2,159. By the way, this morning the company’s shares opened at Rs 2,122. Whereas a day earlier the shares of Airtel had closed at Rs 2,112.20.
Nearly 8 percent increase in 7 days
If we look at BSE data, an increase of about 8 percent has been seen in 7 trading days. On October 7, the company’s share was at Rs 2,001.10. Since then the company’s shares have seen an increase of Rs 157.9. In fact, after the quarterly results of Airtel, there is an increase in the shares. On the other hand, S&P Global has increased the credit rating of the company. Due to which there has been a rise in the shares of the company. According to experts, the company’s shares may see further rise in the coming days.
Earning of Rs 90 thousand crore in 7 days
The special thing is that due to 7 consecutive days of growth, there has been a huge increase in the valuation of Airtel. According to the data, when the stock market closed on October 7, the valuation of Airtel was at Rs 11,41,048.30 crore, which came down to Rs 12,31,084.54 crore during the trading session. This means that Airtel’s market cap has seen an increase of Rs 90,036.24 crore.