Buy Bharti Airtel target of Rs 440: Sharekhan

November 19
15:25 2019

Sharekhan’s research report on Bharti Airtel

Steady EBITDA performance, scope for further consolidation and improving FCF position make us optimistic on the stock. In-line revenue; strong operating performance along with moderation in capex intensity; ARPU stable excluding Tata Tele impact; DTH surprised positively. There could be further consolidation in the industry to two formidable players given the strength of their balance sheet, if there are no material benefits from the government on the AGR issue.


We maintain our Buy rating on Bharti Airtel with a revised price target (PT) of Rs. 440.

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.

Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.

Related Articles