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Buy Bharti Airtel, price target Rs 570: Dharmesh Shah

The analyst suggested a stoploss at Rs 489.

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Last Updated: Jan 21, 2020, 09.15 AM IST
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Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 261350.15 Crore) operating in Telecommunications sector.
Dharmesh Shah of ICICI Direct has a buy call on Bharti Airtel Ltd. with a target price of Rs 570.0 . The current price of Bharti Airtel Ltd. is Rs 509.25 . Dharmesh Shah recommended to keep a stoploss at Rs 489 .

Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 261350.15 Crore) operating in Telecommunications sector.

Bharti Airtel Ltd. key Products/Revenue Segments include Service Revenue which contributed Rs 49589.50 Crore to Sales Value (99.96 % of Total Sales), Service Revenue which contributed Rs 49589.50 Crore to Sales Value (99.96 % of Total Sales), Sale of Products which contributed Rs 18.50 Crore to Sales Value (0.03 % of Total Sales) and Sale of Products which contributed Rs 18.50 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 21131.30 Crore, unchanged .00 % from last quarter Sales of Rs Crore and unchanged .00 % from last year same quarter Sales of Rs Crore Company has reported net profit after tax of Rs -23145.60 Crore in latest quarter.

The company’s top management includes Mr.Ben Verwaayen, Ms.Chua Sock Koong, Mr.V K Viswanathan, Mr.Tao Yih Arthur Lang, Mr.Sunil Bharti Mittal, Mr.Shishir Priyadarshi, Mr.Rakesh Bharti Mittal, Mr.Gopal Vittal, Mr.D K Mittal, Mr.Craig Ehrlich, Mr.Craig Edward Ehrlich, Ms.Tan Yong Choo. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-12-2019, the company has a total of 5,131,961,850 shares outstanding.

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