Shares of Bharti Airtel Ltd. are trading at a record high on Thursday, May 16, after gaining 40% in the last six months. The stock made a record high of ₹1,356.85 and is also among the top gainers on the Nifty 50 index in today's trading session. Bharti Airtel shares have gained over 30% so far this year. The stock has recovered nearly 75% from their 52-week low of ₹783.90.
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The Indian stock market benchmark indices opened higher on Thursday led by gains in IT, metals, financials and other stocks amid positive global cues. Rupak De has recommended three stocks as his top picks for today, May 16. 📌Angel One | Buy | Target: ₹2,900 | SL: ₹2,600 📌Bharti Airtel | Buy | Target: ₹1,350 - 1,385 | SL: ₹1,274 📌BPCL | Buy | Target: ₹650 - 670 | SL: ₹600.
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Shares of Apollo Tyres jumped 7% to Rs 508 in Thursday's trade on BSE despite the firm reporting a muted set of numbers in the March quarter of FY24. However, brokerage firms maintained a mostly positive outlook on the stock, with some even upgrading their views.Tyre major reported a 13.7% year-on-year (YoY) decline in net profit at Rs 354 crore for the fourth quarter that ended March 31, 2024.
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