Sell Bharti Infratel, target Rs 259: Jay Thakkar

Jay Thakkar of Anand Rathi has a sell call on Bharti Infratel Ltd. with a target price of Rs 259. The current market price of Bharti Infratel Ltd. is Rs 270.15. Time period given by the analyst is Intra Day when Bharti Infratel Ltd. price can reach defined target. Jay Thakkar recommended to keep stoploss at Rs 276. Bharti Infratel Ltd., incorporated in 2006, has a market cap of Rs 49967.17 crore. Bharti Infratel Ltd. key Products/Revenue Segments include Income from Infrastructure Activity which contributed Rs 6618.00 Crore to Sales Value (100.00 % 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 1675.80 Crore, down -3.31 % from last quarter Sales of Rs 1733.20 Crore and up .18 % from last year same quarter Sales of Rs 1672.80 Crore Company has reported net profit after tax of Rs 343.70 Crore in latest quarter. The company’s top management includes Mr.Akhil Gupta, Mr.Bharat Sumant Raut, Mr.D S Rawat, Mr.Jitender Balakrishnan, Mr.N Kumar, Mr.Prakul Kaushiva, Mr.R P Singh, Mr.Rajan Bharti Mittal, Mr.Tan Yong Choo, Ms.Anita Kapur, Ms.Leena Srivastava. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-03-2019, the company has a total of 1,849,608,246 shares outstanding.