Dharmesh Shah of ICICI Direct has a buy call on Bharti Airtel Ltd.<\/a> with a target price of Rs 770. The current price of Bharti Airtel<\/a> is Rs 745.75. Dharmesh Shah recommends to keep a stoploss at Rs 718.
Bharti Airtel Ltd., incorporated in the year 1995, is a Large-Cap company (with a market cap of Rs 438381.46 Crore) operating in Telecommunications sector.
Bharti Airtel Ltd. key Products\/Revenue Segments include Service Revenue and Sale of Products for the year ending 31-Mar-2021.
Investment Rationale<\/strong>
The stock is forming a higher base above the eight-weeks range breakout area (732-668) and MACD in buy mode.
Financials<\/strong>
For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 28435.20 Crore, up 5.07 per cent from last quarter Total Income of Rs 27063.40 Crore and up 9.64 per cent from last year same quarter Total Income of Rs 25933.90 Crore. Company has reported net profit after tax of Rs 1399.30 Crore in latest quarter.
Promoter\/FII Holdings<\/strong>
Promoters held 55.86 per cent stake in the company as of 06-Nov-2021, while FIIs owned 25.33 per cent, DIIs 13.69 per cent.
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