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.
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.
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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