Last Updated : Apr 27, 2018 04:28 PM IST | Source:

Buy Bharti Airtel; target of Rs 520: Sharekhan

Sharekhan is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 520 in its research report dated April 25, 2018.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Bharti Airtel

The  consolidated  revenue of Bharti Airtel (Airtel) declined by 3.3% on a sequential basis (down 10.3% y-o-y) to Rs. 19,710 crores in Q4FY2018, broadly in-line with expectations. The  decline  in  overall  revenues was  mainly  due  to  the  ongoing  tariff  war  with  RJio,  3.3%  q-o-q/13.1%  y-o-y  drop  in  India business and disinvestment  in some of assets in Africa and Bangladesh.  Africa  (14  countries)  reported   revenue   growth   of   1%   q-o-q/10.7%  y-o-y on constant currency terms,


The recovery in ARPU is still some time away and we expect the African business to strengthen profitability.Given the consistency in execution despite challenges, we maintain our Buy rating on the stock with a revised price target of Rs. 520.

For all recommendations report, click here

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

First Published on Apr 27, 2018 04:28 pm
Follow us on
Available On
PCI DSS Compliant