Limited Period Offer:Be a PRO for 1 month @Rs49/-Multiple payment options available. Know More

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.

July 02, 2020 / 04:38 PM IST
  • bselive
  • nselive
Todays L/H

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.


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 are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jul 2, 2020 04:38 pm

stay updated

Get Daily News on your Browser