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Thursday, December 2, 2021

Airtel at record highs after results; Investors buy, sell or wait for shares

Airtel has turned profitable from losses in the December quarter.

Airtel Stocks on Record High: After the quarterly results, Bharti Airtel set its record high in the business of 4 February. In the beginning, Airtel shares were good in business and it reached a price of Rs 623, then it is a year high. On Wednesday, the stock closed at Rs 609 on the day of the results. Airtel has turned profitable from losses in the December quarter. Prior to this, the company had losses for 6 consecutive quarters. The ARPU of the company increased to Rs 166, which is more than Jio. Currently, after the quarterly results, the brokerage house has also given its opinion about the stock. Know that after quarterly results, shares should be bought or sold.

Airtel’s ARPU increased

In the December quarter, Bharti Airtel’s average revenue per user i.e. ARPU increased by 2 percent to Rs 166 on a quarterly basis. It was Rs 162 in the last quarter. AirPortal has the highest ARPU in the domestic telecom industry. In the December quarter, Airtel’s revenue increased by about 6 percent to Rs 26,518 crore. In the second quarter it was around 25000 crores. Income from wireless business in India stood at Rs 14,778.9 crore

Loss-making company

Airtel has turned profitable from losses in the December quarter. The company made a profit of Rs 853.6 crore in the third quarter, while Airtel had a loss of Rs 763.2 crore in the second quarter. The company’s EBITDA in the third quarter stood at Rs 12177.7 crore while EBITDA margin was 45.9 per cent. The company’s India customer base grew 8.9 percent on an annual basis. Africa customer base is also increasing.

What are the investment tips of BROKERAGES on Bharti Airtel approaching Life-Time High

Brokerage House Opinion

Brokerage house Motilal Oswal has retained the purchase advice in Airtel. However, no target has been given for the stock. The brokerage said that CONSO Revenue / EBITDA grew by 6% / 9% on a quarterly basis in the third quarter. Mobile EBITDA grew by 12 percent in India business. ARPU has grown 8 percent even after the tariff has not increased for the last 3 quarters. At the same time, wireless EBITDA has been increased by 30 percent at the domestic level. However, both net date and interest cast have increased.

Brokerage house CLSA has also advised buying in Airtel. The brokerage has set a target of Rs 730 for the stock. According to the brokerage, Airtel’s ARPU has increased, while EBITDA has also improved. The company’s customer base is also growing. However, brokerage house Jefferies has given a hold rating on Airtel and has fixed the target at Rs 675. According to the brokerage, the company’s subscriber base is growing. Domestic and foreign trade has strengthened, which are positive signs.

Airtel added 44 lakh customers in November, Vodafone Idea got a big shock

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