Buy Bharti Airtel, target Rs 374.0 : Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Bharti Airtel Ltd. with a target price of Rs 374. The current market price of Bharti Airtel Ltd. is Rs 363.25 Time period given by the analyst is Intra Day when Bharti Airtel Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 357. Bharti Airtel Ltd., incorporated in 1995, has a market cap of Rs 186383.25 crore.

Bharti Airtel Ltd. key Products/Revenue Segments include Service Revenue which contributed Rs 53628.70 Crore to Sales Value (99.93 % of Total Sales) and Sale of Products which contributed Rs 34.30 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 20602.20 Crore, up .40 % from last quarter Sales of Rs 20519.20 Crore and up 4.93 % from last year same quarter Sales of Rs 19634.30 Crore Company has reported net profit after tax of Rs 539.30 Crore in latest quarter. The company’s top management includes Mr.Ben Verwaayen, Mr.Craig Edward Ehrlich, Mr.D K Mittal, Mr.Gopal Vittal, Mr.Manish Kejriwal, Mr.Rakesh Bharti Mittal, Mr.Shishir Priyadarshi, Mr.Sunil Bharti Mittal, Mr.V K Viswanathan, Ms.Chua Sock Koong, Ms.Kimsuka Narasimhan, Ms.Tan Yong Choo. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 28-05-2019, the company has a total of 5,130,991,182 shares outstanding.