NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Bharti Airtel Ltd. remained in focus after Motilal Oswal Financial Services retained its 'Buy' rating on the telecom major and raised its target price to Rs 2,335, implying a potential upside of 19% from current levels, while continuing to classify the stock as its preferred pick in the sector. The brokerage believes Airtel offers an attractive risk-reward profile supported by strong operational performance and long-term growth drivers.2
According to the brokerage, Bharti Airtel delivered a robust performance in the June quarter, aided by healthy growth in its India wireless business and continued momentum in Africa operations. The company also benefited from resilient average revenue per user (ARPU) trends and solid free cash flow generation despite elevated capital expenditure.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
