Buy Bharti Airtel, target price Rs 1058: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Bharti Airtel with a target price of Rs 1058. The current market price of . is Rs 842.6.
Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 496194.86 Crore) operating in Telecommunications sector.
Ltd. key Products/Revenue Segments include Service Revenue and Sale of Products for the year ending 31-Mar-2022.
Financials

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 34728.70 Crore, up 5.25 % from last quarter Total Income of Rs 32996.80 Crore and up 22.13 % from last year same quarter Total Income of Rs 28435.20 Crore. Company reported net profit after tax of Rs 2622.20 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.93 per cent stake in the company as of 30-Jun-2022, while FIIs owned 24.14 per cent, DIIs 14.63 per cent.
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