Buy Bharti Airtel, target price Rs 650: Motilal Oswal

Motilal Oswal Financial Services has buy call on Bharti Airtel NSE 3.21 % with a target price of Rs 650.0. The current market price of Bharti Airtel Ltd. is Rs 469.9 .

Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 255538.31 Crore) operating in Telecommunications sector.

Financials

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 25785.00 Crore, up 7.71 % from last quarter Sales of Rs 23938.70 Crore and up 22.02 % from last year same quarter Sales of Rs 21131.30 Crore.

Promoter/FII Holdings

Promoters held 56.2 per cent stake in the company as of June 30, 2020, while FIIs held 20.5 per cent, DIIs 18 per cent and public and others 5.3 per cent