Get App
Moneycontrol

Co-Partners

Associate Partners

Last Updated : May 08, 2019 11:51 AM IST | Source: Moneycontrol.com

Buy Bharti Airtel; target of Rs 350: Sharekhan

Sharekhan is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 350 in its research report dated May 07, 2019.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Bharti Airtel


Despite steep dilution, recent fund-raising plan through rights issue would allow Airtel to de-leverage its balance sheet by bringing down net debt/EBITDA to 3.1x from 4.4x. Africa IPO and divestment of tower business stake to reduce debt level and participate in the upcoming spectrum auction. India wireless revenue and EBITDA beat estimates; DTH business performs well despite uncertainty around new tariff order implementation.


Outlook


We maintain Buy on Bharti Airtel with a PT of Rs. 350, considering its resilient performance in terms of market share in a tough environment.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
Follow our Lok Sabha Election Result Live Blog here.
First Published on May 8, 2019 11:51 am
More From
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant