Hold Bharti Airtel, target price Rs 625: Anand Rathi

Anand Rathi has given a hold rating to Bharti Airtel with a target price of Rs 625: The share price moved up by 0.60 per cent from its previous close of Rs 581.45. The stock’s last traded price is Rs 584.95.

Bharti Airtel Ltd. reported consolidated revenues of Rs 237,227 million, up 15 per cent year over year. The growth was driven by improved performance across segments including mobile services, Airtel business and tower infrastructure services. EBITDA improved 53.8 per cent year over year to Rs 101,652 million while EBITDA margin came in at 42.9 per cent, up from 32.1 per cent in the