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Last Updated : Aug 08, 2019 12:36 PM IST | Source: Moneycontrol.com

Buy Bharti Airtel target of Rs 390: Sharekhan

Sharekhan is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 390 in its research report dated August 02, 2019.

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Sharekhan's research report on Bharti Airtel


Proceeds from Africa IPO and divestment of tower business stake would further reduce net debt/EBITDA level. In-line revenue growth; healthy EBITDA margin in India business was led by strong EBITDA performance in DTH, home and tower businesses. Africa revenue increased 2.6% q-o-q on CC terms, EBITDA margin declined by 33 bps q-o-q to 38.9% in Q1FY2020.


Outlook


We maintain our Buy rating on Bharti Airtel with a price target (PT) of Rs. 390.


For all recommendations report, click here


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First Published on Aug 8, 2019 12:36 pm
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