−20% from the high · +0.86% from the low
Long unwinding into a 26-day expiry: futures OI −0.7% on a −0.9% day, the most call OI sits at 1,800, the most put OI at 1,820, max pain 1,800.
BHARTIARTL futures closed at ₹1,749.70, +0.5% to spot, with 91% of open interest in the 27 Oct contract, and the 1,740 straddle prices a move of about ±3.5% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹1,749.70 | +8.60+0.5% | +6.9% | 1.1 L▼ −1.2% · −1,300 lots | 91 | 7,600 |
| 23 Nov53 days | ₹1,758.50 | +17.40+1.0% | +6.9% | 10,000▲ +4.0% · +400 lots | 8.4 | 680 |
| 29 Dec89 days | ₹1,770.40 | +29.30+1.7% | +6.9% | 490▲ +20.2% · +83 lots | 0.40 | 110 |
8.8% of futures OI sits beyond the 27 Oct contract · 46 of 64 listed contracts traded · 64,000 option contracts changed hands
The 1,740 straddle closed at ₹61.70 (call 35.95 + put 25.75), pricing a move of about ±3.5% by the 27 Oct expiry. In the last 253 windows of 19 sessions, BHARTIARTL moved more than that 108 times.
After the last 8 bulletins, BHARTIARTL closed higher five sessions later in 4 of 6.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 29 SeptAirtel narrows market share gap with Jio ahead of IPO | 0.0%Nifty −0.3% · +0.3 pp | ▼ −0.8%Nifty −0.7% · −0.1 pp | —not reached | ▲ +2.0%short build-up |
| 28 SeptGoogle India AI hub receives clearance for 2.51GW power capacity | ▼ −0.8%Nifty −1.6% · +0.8 pp | ▼ −0.8%Nifty −1.8% · +1.0 pp | —not reached | ▲ +2.0%short build-up |
| 25 JulBharti Airtel to announce Q1 results on August 4 | ▲ +0.4%Nifty +1.0% · −0.6 pp | ▲ +0.2%Nifty +0.9% · −0.7 pp | ▲ +3.8%Nifty +4.2% · −0.4 pp | ▼ −0.3%short covering |
| 21 JulCorporate actions this week: dividends and stock splits | ▲ +0.4%Nifty −0.2% · +0.6 pp | ▲ +0.5%Nifty −1.0% · +1.5 pp | ▼ −2.0%Nifty −1.0% · −0.9 pp | ▼ −0.7%short covering |
| 20 JulDividends and corporate actions this week for key firms | ▲ +0.4%Nifty −0.2% · +0.6 pp | ▲ +0.5%Nifty −1.0% · +1.5 pp | ▼ −2.0%Nifty −1.0% · −0.9 pp | ▼ −0.7%short covering |
| 15 JulBharti Airtel faces challenges in 5G monetization | ▼ −0.9%Nifty +0.1% · −1.1 pp | ▼ −0.8%Nifty +0.1% · −0.8 pp | ▲ +0.7%Nifty −0.2% · +0.9 pp | ▲ +0.8%short build-up |
| 13 JulMarket valuation of top firms rises by ₹92,995 cr | ▼ −1.0%Nifty 0.0% · −1.0 pp | ▲ +0.8%Nifty −0.6% · +1.5 pp | ▲ +1.0%Nifty +0.1% · +0.9 pp | ▲ +3.1%short build-up |
| 13 JulAirtel's growth strategy focuses on finance and cloud services | ▼ −1.0%Nifty 0.0% · −1.0 pp | ▲ +0.8%Nifty −0.6% · +1.5 pp | ▲ +1.0%Nifty +0.1% · +0.9 pp | ▲ +3.1%short build-up |
Revenue ₹58,539 cr, +18% on a year earlier; profit ₹10,012 cr, +35% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 4 Aug · audited | ₹58,539 cr | ▲ +18% | ₹10,012 cr | ▲ +35% | 13.37 | ▲ +0.4%Nifty 0.0% · +0.4 pp |
| Mar 2026filed 13 May · audited | ₹55,383 cr | ▲ +16% | ₹9,247 cr | ▼ −26% | 12.15 | ▲ +5.3%Nifty +1.2% · +4.1 pp |
| Dec 2025filed 5 Feb · audited | ₹53,982 cr | ▲ +20% | ₹8,503 cr | ▼ −47% | 11.02 | ▲ +2.3%Nifty +0.2% · +2.1 pp |
| Sept 2025filed 3 Nov · audited | ₹52,145 cr | ▲ +26% | ₹8,651 cr | ▲ +110% | 11.24 | ▲ +1.9%Nifty −0.6% · +2.5 pp |
| Jun 2025filed 5 Aug · audited | ₹49,463 cr | ▲ +28% | ₹7,422 cr | ▲ +57% | 9.90 | ▼ −0.1%Nifty −0.3% · +0.2 pp |
| Mar 2025filed 13 May · audited | ₹47,876 cr | ▲ +27% | ₹12,476 cr | ▲ +500% | 18.38 | ▲ +0.8%Nifty +0.4% · +0.4 pp |
| Dec 2024filed 6 Feb · audited | ₹45,129 cr | ▲ +19% | ₹16,135 cr | ▲ +460% | 24.65 | ▲ +3.5%Nifty −0.2% · +3.7 pp |
| Sept 2024filed 28 Oct · audited | ₹41,473 cr | ▲ +12% | ₹4,153 cr | ▲ +98% | 6.00 | ▼ −1.6%Nifty +0.5% · −2.1 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹2,10,973 cr | ▲ +22% | ₹33,823 cr | ▼ −9.8% | 44.31 |
| FY25to Mar 2025 | ₹1,72,985 cr | ▲ +15% | ₹37,481 cr | ▲ +340% | 56.01 |
| FY24to Mar 2024 | ₹1,49,982 cr | — | ₹8,558 cr | — | 12.78 |
BHARTIARTL trades at 36 times trailing earnings against 18 for its industry, 5.5 times book value, revenue +20% over twelve months, a 2.8% dividend yield, market cap ₹11,00,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| BHARTIARTLBharti Airtel Limited | 11,00,000 cron 1 Oct | 36consolidated | 5.5 | ₹1,741.10 |
| IDEAVodafone Idea Limited | 1,40,000 cron 1 Oct | 3.7consolidated | — | ₹12.65 |
| BHARTIHEXABharti Hexacom Limited | 69,000 cron 1 Oct | — | 9.6 | ₹1,379.20 |
| TATACOMMTata Communications Limited | 48,000 cron 1 Oct | — | 13 | ₹1,683.00 |
| TTMLTata Teleservices (Maharashtra) Limited | 6,800 cron 1 Oct | — | — | ₹34.80 |
| MTNLMahanagar Telephone Nigam Limited | 1,600 cron 1 Oct | — | — | ₹24.65 |
| RCOMReliance Communications Limited | — | — | — | — |
Promoters hold 50.1%, foreign portfolio investors 26.5%, mutual funds 11.8% and insurance companies 6.4%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 23 Jun | 31 Mar | 31 Dec | 30 Sept |
|---|---|---|---|---|---|
| Promoters | 50.070.00 pp | 50.07▲ +1.20 pp | 48.870.00 pp | 48.87▼ −1.40 pp | 50.27 |
| Foreign portfolio investors | 26.48▼ −0.03 pp | 26.51▼ −1.28 pp | 27.79▼ −0.96 pp | 28.75▲ +1.33 pp | 27.42 |
| Mutual funds | 11.85▼ −0.04 pp | 11.89▼ −0.14 pp | 12.03▲ +0.67 pp | 11.36▲ +0.04 pp | 11.32 |
| Insurance companies | 6.36▲ +0.03 pp | 6.33▲ +0.14 pp | 6.19▲ +0.15 pp | 6.04▼ −0.06 pp | 6.10 |
| Banks and financial institutions | 2.55▲ +0.01 pp | 2.54▲ +0.11 pp | 2.43▲ +0.17 pp | 2.26▲ +0.16 pp | 2.10 |
| Individual investors | 1.930.00 pp | 1.930.00 pp | 1.93▲ +0.03 pp | 1.90▼ −0.05 pp | 1.95 |
| Bodies corporate | 0.61▲ +0.02 pp | 0.59▼ −0.01 pp | 0.60▼ −0.04 pp | 0.64▼ −0.03 pp | 0.67 |
| Other foreign holders | 0.020.00 pp | 0.02▼ −0.01 pp | 0.03▼ −0.01 pp | 0.040.00 pp | 0.04 |
| Others | 0.13▲ +0.01 pp | 0.12▼ −0.01 pp | 0.13▼ −0.01 pp | 0.14▲ +0.01 pp | 0.13 |
Nothing upcoming on record; the last was a dividend of ₹24.00 a share, ex-date 24 Jul 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 24 Jul 2026 | dividend | ₹24.00 | 24 Jul 2026 | BSE |
| 18 Jul 2025 | dividend | ₹16.00 | 18 Jul 2025 | BSE |
| 7 Aug 2024 | dividend | ₹8.00 | 7 Aug 2024 | BSE |
BHARTIARTL is −6.5% over 20 sessions against Nifty's −6.2%, 20% below its 52-week high, realised volatility 21% annualised.
| Window | From ₹ | BHARTIARTL % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹1,916.67 | ▼ −9.2% | ▼ −9.1% | −0.10 |
| 120 sessionssince 9 Apr | ₹1,859.35 | ▼ −6.4% | ▼ −5.7% | −0.67 |
| 60 sessionssince 8 Jul | ₹1,888.19 | ▼ −7.8% | ▼ −6.1% | −1.7 |
| 20 sessionssince 2 Sept | ₹1,862.74 | ▼ −6.5% | ▼ −6.2% | −0.29 |
| 5 sessionssince 24 Sept | ₹1,795.87 | ▼ −3.0% | ▼ −2.8% | −0.27 |
| 1 sessionsince 30 Sept | ₹1,756.91 | ▼ −0.90% | ▼ −0.88% | −0.02 |
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