Sell Bharti Infratel, target price Rs 170: Edelweiss

Edelweiss Financial Services has a sell call on Bharti Infratel Ltd. with a target price of Rs 170.0 . The current price of Bharti Infratel Ltd. is Rs 194.05 Time period given by the analyst is Intra Day when Bharti Infratel Ltd. price can reach defined target. . Edelweiss Financial Services recommended to keep a stoploss at Rs 210 .

Bharti Infratel Ltd., incorporated in 2006, has a market cap of Rs 35891.65 crore. Bharti Infratel Ltd. key products/revenue segments include income from infrastructure activity which contributed Rs 6821.70 crore to sales value (100.00 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-12-2019, the company reported consolidated sales of Rs 1667.20 crore, down -.07 % from last quarter sales of Rs 1668.30 crore and down -3.81 % from last year same quarter sales of Rs 1733.20 crore. The company has reported net profit after tax of Rs 413.50 crore in the latest quarter.