BHARTI AIRTEL STOCKS: Buy Bharti Airtel; Target price Rs 837: ICICI Direct | Techno Glob


ICICI Direct has bought call on Bharti Airtel with a target price of Rs 837. Current market price. 802.3 is Rs.

Bharti Airtel Ltd. was incorporated in the year 1995 and is a Large Cap company with a market cap of Rs 471980.90 crore in the Telecom sector.

Ltd. Key product/revenue segments include service revenue and product sales for the year ending 31-Mar-2022.

Finance

For the quarter ended 30-06-2022, the company posted a total revenue of Rs.32996.80 crore against a total revenue of Rs.31518.90 crore and an increase of 4.69% from the total revenue of Rs.2706.3 crore in the same quarter last year. The company reported a net profit after tax of Rs 2306.00 crore in the last quarter.

Investment Rationale
Declining wave breakouts involving a recent breather with a base at the 50-day EMA.

Promoter/FII Holdings
Promoters hold 55.93 per cent stake in the company as of June 30-2022, while FIIs hold 24.14 per cent; DIIs own 14.63 percent.

(Disclaimer: The recommendations given in this section or the reports attached hereto are written by a third party. The views expressed are the views of the respective authors/organizations. They do not represent the views of Economic Times (ET). ET does not guarantee, vouch, endorse any of its contents and hereby disclaims all warranties. , EXPRESS OR IMPLIED DISCLAIMS RELATING TO SAME.PLEASE CONSULT YOUR FINANCIAL ADVISOR AND GET INDEPENDENT ADVICE.



Source link