Buy Bharti Airtel, target price Rs 725: Sharekhan

Sharekhan has buy call on Bharti Airtel Ltd. with a target price of Rs 725. The current market price of Bharti Airtel Ltd. is Rs 687.5. Time period given by analyst is Intra Day 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 404723.18 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.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 31518.90 Crore, up 4.84 % from last quarter Total Income of Rs 30063.70 Crore and up 22.02 % from last year same quarter Total Income of Rs 25831.20 Crore. Company reported net profit after tax of Rs 3001.40 Crore in latest quarter.

Investment Rationale
On the daily chart, it has formed a Popgun pattern, which reinforces the current up move.

Promoter/FII Holdings
Promoters held 55.93 per cent stake in the company as of 31-Mar-2022, while FIIs owned 24.79 per cent, DIIs 14.08 per cent.