172@29@17@105!~!172@29@0@53!~!|news|business|stocks|buy-bharti-airtel-target-of-rs-693-geojit-5492921.html!~!|controller|infinite_scroll_article.php
Moneycontrol
Financial Freedom Offer: Subscribe to Moneycontrol Pro and grab benefits worth ₹15,000/-
Last Updated : Jul 02, 2020 04:38 PM IST | Source: Moneycontrol.com

Buy Bharti Airtel; target of Rs 693: Geojit

Geojit recommended is bullish on Bharti Airtel recommended buy rating on the stock with a target price of Rs 693 in its research report dated Jun 30, 2020.

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

Geojit's research report on Bharti Airtel


Consolidated revenue rose to Rs. 23,723cr (+15.1% YoY), supported by Mobile services from India (+21.8% YoY) and Africa (+17.7%) and, Airtel businesses (+12.4%). EBITDA grew 54.2% YoY with improved margins (+10.9pps to 43.0%) driven by lower costs and increased ARPU. The company expects ARPU to reach Rs. 300 in long-term, driven by new connections and upgradation of 2G/3G to 4G.



Outlook


With strong growth in broadband connections and postpaid customers, we reiterate our BUY rating on the stock with a revised target price of Rs. 693 based on SOTP methodology.





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.

First Published on Jul 2, 2020 04:38 pm
Sections