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Last Updated : Dec 03, 2019 03:51 PM IST | Source:

Buy Bharti Airtel target of Rs 540: Sharekhan

Sharekhan is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 540 in its research report dated December 02, 2019.

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Sharekhan's research report on Bharti Airtel

Bharti has announced to increase tariffs of its prepaid services by 15-50%; the quantum is higher than expectations. RJio has indicated that it will take tentative price hike of 40% and will provide 300% more benefits; RJio’s decision to increase tariff is positive for the industry. With a blended ARPU improvement of 20-23%, we expect an EBITDA increase of ~Rs. 3,300 crore and ~Rs. 8,500 crore in FY2020E and FY2021E, respectively, and increase in fair value.


We maintain our Buy rating on Bharti Airtel (Bharti) with a revised PT of Rs. 540.

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.

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First Published on Dec 3, 2019 03:51 pm
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