Bharti airtel share price: Telecom sector giant Bharti Airtel’s third quarter results were excellent. In the October-December quarter, the company’s net profit jumped about 5 times. The company recorded a profit of Rs 14,781 crore during this period. Whereas in the same quarter of last year, the figure was Rs 2442 crore. In the December quarter, Bharti Airtel’s revenue increased by 19 percent to Rs 45,129 crore, while in Q3Fy24 it was Rs 37,900 crore. After good results, the stock is getting a boom today. Brokerage firms have given up on stock. HSBC gave the purchase opinion and CLSA has given outperform ratings on stock.
The market preferred the results of Bharti Airtel. At 11.07 am today, the company’s stock was seen trading at a level of Rs 4.85 percent or Rs 78.50 at Rs 1698.25. Its 52 -week highest level was Rs 1779.00 while the minimum level has been Rs 1097.65.
HSBC gave opinion on Bharti Airtel, stating that the company witnessed great growth of all segments in the December quarter. Its ARPUs are growing. The company’s home broadband subscribers are increasing. The company’s dividend also saw good growth. Brokerage has given the opinion of shopping on this. Its target has been fixed at Rs 1940 per share.
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CLSA has given outperform rating on Bharti Airtel. Its target has been fixed at Rs 1860. He says that on an annual basis, Q3 Mobile Income/EBITDA has increased by 21% -30%. Along with this, consolidation of Indus Tower has also been good. Its ARPU increased by 5% on a quarterly basis in the third quarter, while on an annual basis by 18%. In the third quarter, it saw ARPU 21% more than Jio. After adding 29 lakh customers in the last quarter, the company has added 49 lakh subscribers.
Morgan Stanley on Bharti Airtel
Morgan Stanley has given an equal-weight rating on Bharti Airtel. Its target has been fixed at Rs 1650. He says that in the third quarter, the company’s Indian business income was according to estimates. The company’s Ebitda has outperformed 2%. The debt of Indian business has come down by about $ 1 billion on a quarterly basis.
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