Buy Bharti Airtel, target price Rs 790: Kotak Securities

Kotak Securities Limited has buy call on Bharti Airtel with a target price of Rs 790.. The current market price of Bharti Airtel Ltd. is Rs 764.95.

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 450238.36 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 30-09-2021, the company reported a Consolidated Total Income of Rs 28435.20 Crore, up 5.07 % from last quarter Total Income of Rs 27063.40 Crore and up 9.64 % from last year same quarter Total Income of Rs 25933.90 Crore. Company reported net profit after tax of Rs 1399.30 Crore in latest quarter.


Investment Rationale
The stock has given a breakout of its Ascending Triangle chart pattern, indicating a new up move

Promoter/FII Holdings
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.