Bharti Airtel Ltd. share price target

We maintain our BUY rating on the stock. Given the company's superior margins, stronger subscriber growth, and higher 4G conversions, we value the stock at based on SOTP valuation. TP indicates an upside of 29% from the CMP.

Further, there could be monetization/value unlocking opportunities in a few businesses. We certainly believe the stock has multiple levers. The key highlights of the analyst meet are furnished below: Multiple growth opportunities beckon Airtel's mobility business has multiple ARPU levers supported by a favorable market construct, tariff hikes and a shift to smartphones from feature phones. However, the non-mobility revenue which has achieved 28% share currently (v/s 21% in FY15), too has strong growth levers. The Homes...

The management reiterated the call for higher ARPU, another tariff hike by CY22 end and a couple more in the next few years (albeit inflationary trend, competitive stance and affordability a lower end could be a key deterrent in the near term, in our view). It outlined that US$3,3 (| 250) ARPU could propel RoCEs to 20% vs. 6% in FY21 at US$2.2 ARPU. It indicated that all heavy lifting in terms of capex is done. It also termed itself 5G ready with trails done, successful testing of use cases, 5G core & infra ready with only implication being on higher radio capex in near term, albeit with no major...

We see strong potential in India and Africa businesses on the back of steady growth, expected increase of ARPU across the industry and tariff hikes. Hence, we reiterate our BUY rating on the stock with a rolled...

8.88% to Rs 16,091.70 crore (accounting for 51.91% of total sales). Sales of Mobile Service Africa segment has gone up 19.12% to Rs 9,105.30 crore (accounting for 29.38% of total sales). Sales of Mobile Service S.A segment fell 8.02% to Rs 97.50 crore (accounting for 0.31%...

We maintain our BUY rating on the stock. Given the company's superior margins, robust subscriber growth, and higher 4G conversions, we value the stock at Rs 795`/share based on SOTP valuation. TP indicates an upside of 11% from the CMP.

Google announced investment of up to $1 billion in partnership with Airtel as part of its Google for India Digitisation Fund. The deal includes investment of $700 million to acquire 1.2% ownership (on fully diluted basis)...