Market Performance
Bharti Hexacom's share price witnessed a sharp surge during Wednesday's trading session, climbing to its 52-week high on the BSE and NSE. The rally was triggered by the announcement of a significant agreement with Adani Data Networks Ltd, which has energized investor sentiment.
- Opening Price: ₹1,665.95
- Previous Close: ₹1,639.75
- Intraday High on BSE: ₹1,695.45
- Intraday High on NSE: ₹1,697.90
This upward move marks a more than 2% intraday gain for Bharti Hexacom's share price.
Main News
Bharti Hexacom Limited, an affiliate of Bharti Airtel, has signed a definitive agreement with Adani Data Networks Ltd, a subsidiary of Adani Enterprises.
The deal involves the acquisition of 400 MHz spectrum in the 26 GHz band, distributed across six key telecom circles:
- Gujarat – 100 MHz
- Mumbai – 100 MHz
- Andhra Pradesh – 50 MHz
- Rajasthan – 50 MHz
- Karnataka – 50 MHz
- Tamil Nadu – 50 MHz
This strategic move is expected to enhance capabilities, laying the foundation for future network expansion.
Company Details
- Company: Bharti Hexacom Limited
- Parent Company: Bharti Airtel
- Partner Entity: Adani Data Networks Ltd (Adani Enterprises Subsidiary)
- Nature of Agreement: Spectrum acquisition
Bharti Hexacom Share Price Trend
Bharti Hexacom share price has been on an upward trajectory in recent weeks:
- 52-Week Low: ₹854.05 (May 2024)
- 52-Week High: ₹1,695.45 (April 2025)
- 1-Month Gain: Over 20%
This impressive performance highlights the stock's resilience and market optimism surrounding the recent spectrum acquisition.
Summary of the Article
The Bharti Hexacom share price reached its 52-week high following the announcement of a significant agreement with Adani Data Networks Ltd. The deal for 400 MHz of 26 GHz band spectrum across six telecom circles marks a crucial step in strengthening Bharti Hexacom's 5G infrastructure. With over 20% gains in the past month alone, the share price has nearly doubled since its 52-week low, signaling robust investor confidence.
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