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Buy Bharti Airtel; target of Rs 720: ICICI Direct

ICICI Direct is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 720 in its research report dated August 05, 2021.

August 10, 2021 / 11:23 AM IST
 
 
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ICICI Direct's research report on Bharti Airtel


Bharti Airtel (Airtel) is India’s second largest telecom operator with a revenue market share of ~35% as on Q4FY21. The company has ~32.1 crore wireless customers in India and ~12.1 crore subscribers across operations in 14 African countries. It enjoys industry leading ARPU and margins in the wireless business


Outlook


We maintain BUY on the company We value Airtel at a DCF based target price of Rs 720


For all recommendations report, click here


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first published: Aug 10, 2021 11:23 am

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