Buy Bharti Airtel, with a target price of Rs 777: Chandan Taparia

by

It has been reported that the Chandan Taparia of Motilal Oswal Securities has buy call on Bharti Airtel NSE -0.26 % Ltd. with a target price of Rs 777. The current market price of Bharti Airtel Ltd. is Rs 744.5.

Time period given by analyst is Intra Day when Bharti Airtel Ltd price can reach defined target.

Bharti Airtel Ltd, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 437498.82 Crore) operating in Telecommunications sector.

Bharti Airtel Ltd key Products/Revenue Segments include Service Revenue and Sale of Products for the year ending 31-Mar-2021, the company said.

Financials

For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 28435.20 Crore, up 5.07 % from last quarter Total Income of Rs 27063.40 Crore and up 9.64 % from last year same quarter. Total Income of Rs 25933.90 Crore.

The Company reported net profit after tax of Rs 1399.30 Crore in latest quarter, the company said.

Investment Rationale

Trending upwards towards its life time high levels and came out of its range on weekly frame

Promoter/FII Holdings

Promoters held 55.86 per cent stake in the company as of 06-Nov-2021, while FIIs owned 25.33 per cent, DIIs 13.69 per cent. (The Economic Times)