By Admin 
Bharti Airtel Stock Upside: Amidst the ongoing uncertainty at the global level and the decline in the domestic market, some brokerage firms are showing positive attitude towards Bharti Airtel Ltd. Names like global brokerage Nomura and domestic brokerage Motilal Oswal are included in this. They believe that the company’s fundamentals are strong and the business has the potential to perform well in the long term. Let us know about this…
Target of Rs 2,355 with strong estimates
Domestic brokerage Motilal Oswal has maintained a positive stance on Airtel. The firm has given a buying rating on the stock and has set a target of Rs 2,355. This target indicates a possible upside of about 25 percent from the current price of Rs 1,873.
The brokerage estimates that the company’s net sales may reach Rs 2.418 lakh crore by FY 27. Also, the EBITDA margin is expected to reach 54.9 percent. Which indicates strength in the operations of the company.
Nomura and JM Financial Brokerage Advice
Global brokerage Nomura has adopted a positive stance on Airtel’s shares and advised to buy. The firm has set a target price of Rs 2,300 for the shares. Which indicates a possible increase of about 23 percent from the current level.
JM Financial is also positive about the company. The brokerage has given a target price of Rs 2,455, which indicates an upside potential of about 31 percent from the current price.
Company’s performance in stock market
On the day of Holi, March 4, there was a slight rise in company shares on BSE at around 12:15 pm. Company shares were trading at Rs 1880.40 with a rise of 0.38 percent or Rs 7.05. The intraday high of the day was Rs 1894.10. Company shares started the trading day at Rs 1850.05.
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