|
17 Jul 2025 |
Bharti Airtel
|
Consensus Share Price Target
|
1935.00 |
2025.33 |
- |
4.67 |
buy
|
|
|
|
|
18 May 2023
|
Bharti Airtel
|
ICICI Direct
|
1935.00
|
925.00
|
799.35
(142.07%)
|
Target met |
Buy
|
|
|
|
|
18 May 2023
|
Bharti Airtel
|
Axis Direct
|
1935.00
|
960.00
|
799.35
(142.07%)
|
Target met |
Buy
|
|
|
Given the company's strong recovery potential backed by strong deal wins and improved client engagement, we maintain our BUY recommendation on the stock.
|
|
18 May 2023
|
Bharti Airtel
|
ICICI Securities Limited
|
1935.00
|
960.00
|
792.25
(144.24%)
|
Target met |
Buy
|
|
|
Bharti Airtel’s (Bharti) Q4FY23 was a no-tariff-hike quarter, yet mobile revenue grew 11% YoY and ARPU was up 8.4% YoY driven by higher 4G and postpaid subs addition. Digital revenue for the company stood at Rs11bn. Incremental EBITDA margin moderated due to higher churn rate and channel commission.
|
|
17 May 2023
|
Bharti Airtel
|
Prabhudas Lilladhar
|
1935.00
|
874.00
|
792.25
(144.24%)
|
Target met |
Buy
|
|
|
|
|
17 May 2023
|
Bharti Airtel
|
Motilal Oswal
|
1935.00
|
950.00
|
792.25
(144.24%)
|
Target met |
Buy
|
|
|
|
|
17 May 2023
|
Bharti Airtel
|
SMC online
|
1935.00
|
|
792.25
(144.24%)
|
|
Results Update
|
|
|
|
|
21 Apr 2023
|
Bharti Airtel
|
SBI Securities
|
1935.00
|
880.00
|
765.20
(152.88%)
|
Target met |
Buy
|
|
|
|
|
16 Apr 2023
|
Bharti Airtel
|
ICICI Securities Limited
|
1935.00
|
960.00
|
767.05
(152.27%)
|
Target met |
Buy
|
|
|
The biggest disappointment for Bharti we have heard from investors is lack of FCF generation in the past, which has capped shareholder value creation. In this note, we highlight the reasons for Bharti’s lack of FCF generation, which includes competitive intensity, costs of building spectrum portfolio, leapfrogging in technology adoption, regulatory payouts and Africa acquisition.
|
|
13 Mar 2023
|
Bharti Airtel
|
Axis Direct
|
1935.00
|
855.00
|
765.30
(152.84%)
|
Target met |
Buy
|
|
|
We value the stock at Rs 960/share based on SOTP valuation. TP indicates an upside of 24% from the CMP.
|
|
09 Mar 2023
|
Bharti Airtel
|
Anand Rathi
|
1935.00
|
890.00
|
773.40
(150.19%)
|
Target met |
Buy
|
|
|
|