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HomeINVESTMENT5722% Bumper Return; ₹1280 And ₹1400 Share Price Target; Better Than Expected...

5722% Bumper Return; ₹1280 And ₹1400 Share Price Target; Better Than Expected Business

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Bharti Airtel (NSE: BHARTIARTL) Stocks to Buy: After the third quarter (Q3FY24) results of Bharti Airtel stock, global brokerage houses have released their investment strategy.

The company’s results in the December 2023 quarter was good. Net profit has increased by 54 percent. 

Whereas the income has also increased by 5.8 percent. There was a growth of 11.4 percent (YoY) in the company’s Indian business revenue.

In the past calendar year, the investors received over 40 percent return from this stock. This share has given 5722.14% return so far.

Bharti Airtel: Price Will Go Up To ₹1400

Global brokerage has advised to buy Bharti Airtel. In addition, the target price per share was raised from Rs 1280 up to 1400. Another Brokerage has given an ‘Equalweight’ rating to Airtel with a target of 1022 rupees.

The brokerage says that the performance has been stable. India Mobile business revenue and EBITDA were better than expected. 

Cash flow is strong. Brokerage has given a “neutral” opinion about Bharti Airtel with a target of 1120 rupees. 

Another has recommended buying with a target of 1275. On February 5, 2024, the share price closed at Rs 1116. 

The price has risen by over 40 percent over 1 year. Whereas the stock has given around 25 percent return in 6 months.

Bharti Airtel: How Was The Q3 Results?

Bharti Airtel’s net profit in the third quarter (Q3FY24) has increased by 54 percent to Rs 2,442.2 crore. At the same time, the company’s income has increased by 5.8 percent. 

At the same time, the revenue of Indian business has registered a growth of 11.4 percent on an annual basis in this quarter. 

In the last quarter under review, Airtel’s revenue from its India business grew by 11.4 percent year-on-year, to Rs 2781 crore.

Airtel’s integrated operating income has increased by 5.8 percent on an annual basis to Rs 37,899.5 crore. 

In the previous period of December 20, 2022, this number was 35,804.4 crore. The average earnings per customer (ARPU) of the company in the country has increased by 7.7 percent. 

A year ago it was Rs 193, which has now increased to Rs 208. Airtel’s operating profit (Airtel Q3 Results EBITDA) in the third quarter stood at Rs 20,044 crore.

 Airtel’s operating profit from Indian business was Rs 15 thousand crores.

About Bharti Airtel Ltd

Bharti Airtel Limited is an international telecommunications company. The company is a global company in telecommunications that is present through five different categories:

Mobile Services, Homes Services, Digital TV Services, Airtel Business, and South Asia. Its Mobile Services India segment includes data and voice telecom services made possible by wireless technology (2G 3G / 4G) within India. 

Its Digital TV Services segment offers both high definition and standard (HD) television services, which include 3D capabilities as well as Dolby surround audio.

It provides 706 channels, including four HD channels, 86 HD channels international channels, and four interactive services. 

Its Airtel Business segment is engaged in offering information and communication technology (ICT) services that offer various offerings for government agencies, enterprise carriers, and small and medium-sized businesses.

Fundamental Analysis of Bharti Airtel Ltd

Market Cap₹ 6,66,313 Cr.
Current Price₹ 1,135.90
52-wk High₹ 1,201
52-wk Low₹736
Stock P/E86.86
Book Value₹ 138
Dividend0.35 %
ROCE12.3 %
ROE12.0 %
Face Value₹ 5.00
P/B Value8.23
OPM52.3 %
EPS₹ 15.0
Debt₹ 2,17,359 Cr.
Debt to Equity2.81

Bharti Airtel Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹1200₹1400
2025₹1435₹1500
2026₹1523₹1560
2027₹1590₹1643
2028₹1700₹1800
2029₹1900₹2132
2030₹2200₹2231
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Bharti Airtel Ltd Shareholding Pattern

Promoters Holding
Dec 202255.12%
Mar 202355.02%
June 202354.97%
Sept 202354.75%
Dec  202354.75%
FII Holding
Dec 202221.70%
Mar 202320.97%
June 202321.48%
Sept 202321.87%
Dec  202322.69%
DII Holding
Dec 202219.02%
Mar 202319.78%
June 202319.55%
Sept 202319.69%
Dec  202319.51%
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Govt. Holding
Dec 20220.12%
Mar 20230.12%
June 20230.12%
Sept 20230.12%
Dec  20230.12%
Public Holding
Dec 20224.00%
Mar 20234.05%
June 20233.82%
Sept 20233.53%
Dec  20233.07%
Others Holding
Dec 20220.05%
Mar 20230.05%
June 20230.05%
Sept 20230.04%
Dec  20230.06%
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Bharti Airtel Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹80,780 Cr
2020₹84,676 Cr
2021₹100,616 Cr
2022₹116,547 Cr
2023₹148,392 Cr

Last 5 Years’ Net Profit:

2019₹1,688 Cr
2020₹-30,664 Cr
2021₹-12,364 Cr
2022₹8,305 Cr
2023₹10,716 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20191.69
20201.52
20212.2
20222
20231.82

Last 10 Years’ Profit Growth:

10 Years:15%
5 Years:48%
3 Years:5%
Current Year:57%

Last 10 years’ Return on Equity (ROE):

10 Years:5%
5 Years:4%
3 Years:3%
Last Year:12%

Sales Growth Over 10 Years:

10 Years:6%
5 Years:11%
3 Years:18%
Current Year:10%

Conclusion

This article is a complete guide about Bharti Airtel Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: Golden Railway Share Running Like Bullet Train; Strong Outlook; Buy Or Sell?

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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