Bharti Airtel share price jumps over 1% today after strong Q4 results; should you buy, sell, hold Airtel stock-
时间:2024-06-26 12:42:55 阅读(143)
Bharti Airtel share price jumped 1% to Rs 797.4 today after the telecom giant’s board recommended a final dividend of Rs 4 per fully paid-up equity share and Re 1 per partly paid-up equity share of face value of Rs 5 each for FY22-23. Airtel’s net profit jumped 49.7% to Rs 3005.60 crore in Q4FY23 backed by strong and consistent performance delivery across the portfolio. Bharti Airtel stock has fallen 6% in the last six months and jumped over 12% in the last one year. Meanwhile, NSE Nifty 50 fell 32.15 points or 0.18% to 18,254.35 and BSE Sensex dipped 88.01 points or 0.14% to 61,844.46 on Wednesday.Stock call: Should you buy, sell or hold Airtel stock?Prabhudas Lilladher: Buy – Target Price: Rs 1008 (26.4% upside)
“Bharti reported strong Q4 results with consol EBIDTA/PAT of Rs 186.9 (+1.3%; PLe Rs 186.5bn) and Rs 42.3bn (+61.7%QoQ; PLe Rs 36.8bn). FY23 EBITDA/PAT stood at Rs 712.7/ Rs 83.5bn. Overall very strong operational performance. Reiterate BUY with SOPT-based PT of Rs 1008,” said analysts at Prabhudas Lilladher.
“The telecom operator slightly missed on the India EBITDA. Continuation of strong traction in 4G/postpaid subscriber base and resilient incremental margins in India Wireless business and OCF generation augur well for Bharti Airtel,” said analysts at Morgan Stanley.
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