- Summary:
- BT Group shares surge as Sunil Bharti eyes a bigger stake. Will this trigger a takeover bid? Key price levels, investor impact coverd here.
BT Group’s share price turned green today, reflecting a surge in investor interest following reports that Indian billionaire Sunil Bharti Mittal is considering increasing his stake BT. With the stock now testing key resistance levels, market participants are closely watching for potential developments that could reshape BT’s ownership structure.
BT Share Price Rises Amid Strategic Investment Speculation
In early trading, BT shares have climbed over 1.35%, approaching a crucial resistance zone near 161.85p. This price movement follows growing speculation that Mittal, founder of Bharti Airtel, may increase his already substantial holding in the company. The investment, which currently stands at 24.5%, was built through an initial 10% purchase last year, later expanded after securing UK government approvals.
Technical Outlook – Can BT Break Key Resistance?
- Resistance Levels:
- 161.85p – A breakout could fuel a stronger uptrend.
- 165.00p+ – Further upside potential if bullish momentum sustains.
- Support Levels:
- 156.00p – Key support that must hold to maintain current bullish momentum.
- 152.05p – A deeper pullback could find buyers at this level.
Final Thoughts – A Defining Moment for BT?
The BT Group share price remains at a critical juncture. A decisive move above 161.85p could unlock further gains, while investor speculation around Mittal’s intentions continues to fuel volatility. Whether this leads to a full-fledged takeover attempt or strengthens BT’s strategic partnerships, one thing is clear—the telecom giant is once again at the centre of major market attention.
