Buy Airtel, target price Rs 358: Kunal Bothra

NEW DELHI: Kunal Bothra has a buy call on Airtel with a target price of Rs 358. The current market price of Airtel is Rs 353.6. Kunal Bothra recommended to keep a stop loss at Rs 344.

Airtel key products/revenue segments include service revenue which contributed Rs 49,589.50 crore to sales value (99.96 per cent of total sales) and sale of products which contributed Rs 18.50 crore to sales value (0.03 per cent of total sales) for the year ending 31 March, 2019.

For the quarter ended 30-06-2019, the company has reported a consolidated sales of Rs 20,737.90 crore, up .66 per cent from last quarter sales of Rs 20,602.20 crore and up 4.74 per cent from last year same quarter sales of Rs 19,799.20 crore. The company has reported a net profit after tax of Rs 2,299.10 crore in latest quarter.