Analysts highly recommend this telecom service share, with an upside of 40%

Analysts are highly positive on Bharti Airtel, the flagship company of Bharti Enterprises. They see an upside of up to 40% from the current market price in the next one year. Axis Securities recommend to buy the stock with a target price of 676, Motilal Oswal has kept the target at 650, HDFC Securities has put a target price of 597, Dolat Research has kept the target at 605 per share. Analysts are impressed by the rise in Bharti Airtel’s ARPU (Average revenue per user) sequentially for the fourth straight quarter. Currently, a share of Bharti Airtel is trading at 480. In last 1 year Bharti Airtel Ltd, has beaten Nifty 50 by 25.18% (CAGR difference).

“Bharti’s execution has been top-notch in the last few quarters, evident from strong 16% India Mobile EBITDA growth cumulatively in the last two quarters. Robust 10m subscriber adds lead to

Read More