Upcoming Webinar :Register now for 'ULIP as an investment during economic recovery' powered by Bajaj Allianz

Buy Bharti Airtel; Target Of Rs 710: Sharekhan

Sharekhan is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 710 in its research report dated October 28, 2020.

Nov 2, 2020 / 03:05 PM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research repor on Bharti Airtel

Beat on revenue and margin fronts; ARPU improvement surprised positively, led by strong net 4G subscriber additions; growth was broad-based across portfolio, though star segment was India wireless business (EBITDA grew 12.8% q-o-q). Digital capabilities have been helping Bharti to acquire quality customers, increase wallet share, reduce churn rate and strip out waste from the business; digital services though partnership to aid growth going ahead. We remain positive on Bharti, considering its strong EBITDA performance, continued growth in the number of 4G subscribers and potential improvement in free cash flows; recent correction in stock price increased the valuation gap with Reliance Jio.


We maintain our Buy rating on Bharti Airtel with an unchanged price target (PT) of Rs. 710, given favourable market structure and continued weakness in Vodafone Idea.

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.

Broker Research
first published: Nov 2, 2020 03:05 pm

stay updated

Get Daily News on your Browser