Bharti Airtel Stock: Bharti Airtel Buy, Target Price Rs 1750: Axis Securities
Founded in 1995, Bharti Airtel Ltd. is a major player in the telecommunications sector (market capitalization of Rs 9,416.73 crore).
Bharti Airtel Ltd.’s key product/revenue segments include service revenue and product sales for the year ended March 31, 2024. Finance
For the quarter ended June 30, 2024, the company reported a consolidated total revenue of Rs 38,869.90 crore, which is 2.52% higher than the total revenue of Rs 37,916.00 crore in the previous quarter and 2.86% higher than the total revenue of Rs 37,788.30 crore in the same quarter last year. The company reported a net profit after tax of Rs 3,805.80 crore in the recent quarter.
Promoter/FII Holdings
As of June 30, 2024, the promoters held 53.17% of the company’s shares, foreign investors held 24.62%, and foreign investors held 19.11%.
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