Stocktwits - All eyes are on Bharti Airtel (NSE:BRTI) as the telecom major prepares to announce its March-quarter (Q4 FY25) earnings.
Analysts expected a steady performance for the March quarter, led by a robust year-on-year profit jump fuelled by continued growth in Average Revenue Per User (ARPU).
SEBI-registered analyst Rohit Mehta noted that Airtel had consistently maintained a strong dividend payout ratio of 42.8%, underscoring its shareholder-friendly approach.
However, he flagged concerns over capital efficiency, with the company delivering a modest 11.3% return on equity over the past three years.
Valuation remained a sticking point. The stock traded at 12.2 times its book value — well above peers — indicating a premium that could limit near-term upside unless earnings meaningfully outperformed expectations.
Another point of caution was the dip in promoter holding in the previous quarter.
On the technical charts, Airtel’s stock had been in a pronounced downtrend from October to December 2024, forming lower highs and lower lows.
However, a key support zone between ₹1,732.50 and ₹1,765.65 proved resilient, with prices consolidating and bouncing back multiple times.
Following the formation of a cup-like base pattern, Bharti Airtel’s stock broke out above this support, entering a bullish phase and reaching ₹1,857.60 as of the latest session, according to Mehta.
According to data from Stocktwits, retail sentiment remains ‘bullish’ on the counter.
Bharti Airtel sentiment and message volume on May 13 as of 1:30 pm IST. | source: StocktwitsBharti Airtel shares gained 15% year-to-date (YTD).