8,281.10-379.15
Stock Analysis, IPO, Mutual Funds, Bonds & More

CLSA retains 'sell' on Bharti Infratel, target price Rs 200

The stock ended up 1.1% at Rs 218.75 on Wednesday.

ETMarkets.com|
Last Updated: Feb 27, 2020, 09.25 AM IST
0Comments
ThinkStock Photos
Sell-15
CLSA has retained sell rating on Bharti Infratel and lowered target price to Rs 200 from Rs 230 after the company extended the long-stop date for the merger with Indus Towers to April 24. Vodafone Idea is 30% of Infratel’s and 50% of Indus’ tenancies and potential insolvency would likely terminate an Infratel merger with Indus, said CLSA. Despite a compelling 7% dividend yield, a key catalyst for the stock will be AGR relief, which is a must for Vodafone Idea’s survival, and in-turn, imperative to the Infratel-Indus merger, said CLSA. The stock ended up 1.1% at Rs 218.75 on Wednesday.

Also Read

CLSA upgrades Voda Idea on good earnings prospects

Cut in personal tax possible: CLSA

Dividend yields may climb on Budget proposal: CLSA

Dividend tax removal to boost EPS, says CLSA

Buy Adani Ports, target price Rs 400: CLSA

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service