Buy Bharti Airtel target of Rs 540: Sharekhan
Sharekhan’s research report on Bharti Airtel
Bharti has announced to increase tariffs of its prepaid services by 15-50%; the quantum is higher than expectations. RJio has indicated that it will take tentative price hike of 40% and will provide 300% more benefits; RJio’s decision to increase tariff is positive for the industry. With a blended ARPU improvement of 20-23%, we expect an EBITDA increase of ~Rs. 3,300 crore and ~Rs. 8,500 crore in FY2020E and FY2021E, respectively, and increase in fair value.
We maintain our Buy rating on Bharti Airtel (Bharti) with a revised PT of Rs. 540.
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.
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.