ICICI Direct has given Buy recommendation for Bharti Airtel with a target price of Rs. 720 in its research report issued on Aug 05, 2021

ICICI Direct’s research report on Bharti Airtel

Bharti Airtel (Airtel) is India’s second largest telecom operator with a revenue market share of ~35% as on Q4FY21. The company has ~32.1 crore wireless customers in India and ~12.1 crore subscribers across operations in 14 African countries. It enjoys industry leading ARPU and margins in the wireless business


We maintain BUY on the company We value Airtel at a DCF based target price of Rs 720


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