AgenciesRelated
Geojit has buy call on Bharti Airtel Ltd. with a target price of Rs 788. The current market price of Bharti Airtel Ltd. is Rs 709.9. Time period given by analyst is one year when Bharti Airtel Ltd. price can reach defined target.
Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 418698.43 Crore) operating in Telecommunications sector.
Bharti Airtel Ltd. key Products/Revenue Segments include Service Revenue and Sale of Products for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 30063.70 Crore, up 5.73 % from last quarter Total Income of Rs 28435.20 Crore and up 13.16 % from last year same quarter Total Income of Rs 26567.00 Crore. Company reported net profit after tax of Rs 1034.60 Crore in latest quarter.
Investment Rationale
The brokerage sees strong potential in India and Africa businesses on the back of steady growth, expected increase of ARPU across the industry and tariff hikes. Hence, it reiterates BUY rating on the stock with a rolled forward target price of Rs. 788 based on SOTP valuation.
Promoter/FII Holdings
Promoters held 55.93 per cent stake in the company as of 31-Dec-2021, while FIIs owned 24.67 per cent, DIIs 14.19 per cent.
Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 418698.43 Crore) operating in Telecommunications sector.
Bharti Airtel Ltd. key Products/Revenue Segments include Service Revenue and Sale of Products for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 30063.70 Crore, up 5.73 % from last quarter Total Income of Rs 28435.20 Crore and up 13.16 % from last year same quarter Total Income of Rs 26567.00 Crore. Company reported net profit after tax of Rs 1034.60 Crore in latest quarter.
Investment Rationale
The brokerage sees strong potential in India and Africa businesses on the back of steady growth, expected increase of ARPU across the industry and tariff hikes. Hence, it reiterates BUY rating on the stock with a rolled forward target price of Rs. 788 based on SOTP valuation.
Promoter/FII Holdings
Promoters held 55.93 per cent stake in the company as of 31-Dec-2021, while FIIs owned 24.67 per cent, DIIs 14.19 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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