Time period given by analyst is one year when Bharti Airtel Ltd. price can reach defined target. Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 364698.07 Crore) operating in Telecommunications sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 27063.40 Crore, up 4.77 % from last quarter Total Income of Rs 25831.20 Crore and up 10.83 % from last year same quarter Total Income of Rs 24419.20 Crore. Company reported net profit after tax of Rs 1436.10 Crore in latest quarter.
Investment Rationale
BHARTI remains preferred bet in the telecom space given superior and consistent execution across business segments and benefits accruing in the India wireless business with the weakening of VIL. Having said that, the tariff hike is of supreme importance for strong FCF generation. Sustained re-rating of Bharti hinges on tariff hike, strict control over capex and capital allocation. Further, looking at the past FII participation trends also matters for better returns.
Promoter/FII Holdings
Promoters held 55.9 per cent stake in the company as of June 30, 2021, while FIIs held 18.9 per cent, DIIs 18.9 per cent and public and others 6.3 per cent.
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