Chakri Lokapriya on why it may be time to buy Bharti Airtel
“If Vodafone pulls out of the race in a meaningful way, Bharti should then have the capital to acquire customers and roll out its network. So raising capital is a good idea. Telecom tariffs in India are the cheapest in the world. So, it is time for ARPUs to move up and those will trend up.”
Market Movers: Mittal’s comments raise spirits of Airtel and its rival
Bharti Airtel’s head Sunil Mittal today suggested that the time for tariff hikes was now and that the company’s average revenue per user will move towards Rs 200 per user per month within this financial year.
Will the Rs 21,000 cr rights issue give investors extra room to play Bharti Airtel?
Analysts said not only Bharti Airtel, but telecom stocks have been out of favour globally. If anything, Bharti has performed better among them, they said.
Airtel shares up 2% in early trade on rights issue announcement
Edelweiss said the Airtel rights issue is at a 9% discount to its CMP (closing market price) and will lead to 7% equity dilution.
Bharti Airtel board okays plan to raise Rs 21,000 crore via rights issue
As per the terms of the issue on payment of the issue price, subscribers need to pay 25% on application and the balance in two more additional calls as may be decided by the Board/ Committee of the Board from time to time based on the Company’s requirements within an overall time-horizon of 36 months.
Airtel stock down 1.5% in early trade; board to meet Aug 29 on fund raise
Most brokerages have a ‘Buy’ rating on Bharti Airtel. CLSA, for example, has a target price of Rs 730, Goldman Sachs Rs 675 and Jefferies Rs 685.
Buy Bharti Airtel, target price Rs 666: Chandan Taparia
Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 349869.60 Crore) operating in Telecommunications sector.
Market Movers: Underdogs rejoice as Bharti Airtel, ITC run the show
Analysts had previously suggested that most of Vodafone Idea’s customers could move to Bharti Airtel, which could boost the company’s revenue and subscriber market share.
Bharti Airtel, Vodafone Idea to hike prepaid rates to meet AGR dues
As prepaid 4G smartphone users generate bulk of telcos revenues, a hike in this segment would be far more material for earnings upgrade, going forward for both telcos, analysts said.
Bharti Airtel shares slip 2% after Q1 results
Airtel’s net profit in the fiscal first quarter fell also due to a sharp slowdown in 4G net user adds during the Covid second wave.
Buy Bharti Airtel, target price Rs 675: ICICI Securities
Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 316807.59 Crore) operating in Telecommunications sector.
Bharti Airtel Q1 results: Consolidated PAT dives 63% QoQ to Rs 284 cr, misses estimates; sales rise 4%
The telecom operator, however, reported a 4.3 per cent sequential rise in consolidated revenues to Rs. 26,854 crore for the reported quarter, which was above estimates.
Why Bharti Airtel and other telecom stocks are rallying in a weak market
Shares of Tata Communications climbed 10.10 per cent to Rs 1,480.70. Shares of Bharti Airtel were up 3.67 per cent at Rs 560.30. Vodafone Idea also climbed 4 per cent intraday to Rs 8.75, but it cut gains to 0.7 per cent.
Bharti Airtel shares may rally up to Rs 600-620
ITC and Bharti Airtel could be a few of the top candidates which looked far more stronger in the second half of the week. I think they are the ones which the market will probably be eyeing.
Bharti Airtel among 3 telecom stocks that can give good returns
At this valuation, we think that the upside in Indus Towers may be more than the downside.
Bharti Airtel a value buy now: Sandip Sabharwal
Bharti Airtel has now become under-owned from being something which a lot of people were playing as a contrarian bet earlier.
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