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- By Aditya Pratap Singh
- Wed, 12 Mar 2025 11:43 AM (IST)
- Source:JND
Bharati Airtel Shares Today: Bharti Airtel stock saw a gain of 3% in early trade, hitting a high of Rs 1,717.25, after it announced a partnership with SpaceX to bring Starlink's satellite internet services to India. Airtel announced the partnership after market close on Monday. The partnership will work on how Starlink's non-terrestrial network can complement and augment Airtel's existing services, subject to SpaceX getting approval to operate Starlink services in India.
In addition, SpaceX's direct-to-consumer and business plans in India will also be analysed in light of Airtel's deep market knowledge. Gopal Vittal, Managing Director and Vice Chairman, Bharti Airtel, said the deal is a significant milestone, reiterating commitments to next-generation satellite connectivity.
Bharti Airtel stock was trading higher, up 5% year-to-date. It has gained nearly 40% in the last 1 year, while in 5 years it has given a whopping return of 250%. The stock has a 52-week high of Rs 1,778.95 and a 52-week low of Rs 1,151.30. Bharti Airtel has a market capitalization of Rs 9,49,086 crore. Investors will be closely watching this development, as this collaboration with SpaceX could open up new growth prospects for Airtel in India's telecom and internet industry.
Stock Market Today
Equity benchmark indices Sensex and Nifty rose in early trade on Wednesday but soon stabilised due to highly volatile global trends amid uncertainties over trade duties. The 30-share BSE Sensex rose 289.83 points, or 0.39 per cent, to 74,392.15 in morning trade. Similarly, the Nifty also rose 79.5 points, or 0.35 per cent, to 22,577.40.
However, both the benchmark indices faced huge volatility and were trading between higher and lower levels.
In the Sensex pack, HCL Technologies, Tata Consultancy Services, Infosys, Tech Mahindra, Axis Bank, Asian Paints, Zomato, Nestle India, Bajaj Finance and Hindustan Unilever were trading in the red in the early hours. On the other hand, Tata Motors, IndusInd Bank, Kotak Mahindra Bank, HDFC Bank, Adani Ports, NTPC, Mahindra & Mahindra and Sun Pharma were in the positive zone.