Best Stocks to Buy Today : IIFL Securities's call on Bharti Airtel

IIFL Securities issued a 'buy' recommendation for Bharti Airtel on December 13, 2023, with a target price of Rs 1700 per share. The current market price of Bharti Airtel is Rs 1662.4, indicating a potential upside of 2.3%. IIFL's research team believes that Bharti Airtel is well-positioned to benefit from the growing demand for data services in India, supported by its strong network infrastructure and wide customer base. The company's recent investments in 5G technology and its focus on offering affordable data plans are expected to drive future growth.

About Bharti Airtel:

Bharti Airtel is India's leading integrated telecommunications company with operations in 18 countries across South Asia and Africa. The company offers a wide range of services, including mobile, fixed line, broadband, DTH TV, and enterprise services. Airtel is also a major player in the mobile payments market, with its Airtel Payments Bank. The company has a customer base of over 485 million, making it one of the largest telecommunications companies in the world. Airtel is listed on the National Stock Exchange of India (NSE) and has a market capitalization of around INR 4.5 lakh crore. The company is headquartered in New Delhi, India.

52 Week Price Trend:

Bharti Airtel (NSE: BHARTIARTL) currently trades at Rs 1662.4, hovering within a range between its 52-week high of Rs 1779 and low of Rs 959.8. Despite a recent dip, the stock has witnessed a significant upward trend over the past year, benefiting from India's rapidly growing telecom market. Analysts remain optimistic about Airtel's long-term prospects, citing its strong mobile subscriber base, expanding 4G/5G network, and growing presence in the digital services segment.

Stratzy's MOST Analysis:

Stratzy has assigned a BBB rating to BHARTIARTL based on its MOST framework, which assesses Management, Outlook, Safety, and Trend. This indicates that BHARTIARTL has medium fundamental risks, with moderate scores in each of the four pillars. This suggests that the company's management is solid, its business outlook is favorable, its financial health is stable, and its stock price trend is positive. Investors should proceed with caution, considering the potential for some risks associated with the company.

Company's Fundamentals:

Bharti Airtel (NSE: BHARTIARTL) trades at a Stock PE of 66.92, indicating that investors are willing to pay Rs. 66.92 for every Re. 1 of earnings. This suggests that the company's stock is relatively expensive compared to its earnings. The PB Ratio of 10.37 implies that investors are paying Rs. 10.37 for every Re. 1 of book value. This indicates that the company's stock is trading at a premium to its underlying assets. Lastly, the Dividend Yield of 0.5% suggests that investors can expect to receive only Rs. 0.5 for every Rs. 100 invested in the stock. This low dividend yield indicates that the company is not a significant dividend payer.

Fundamental and Technical information provided in this blog were last updated on 13 Dec, 2024

Disclaimer: The information and recommendations presented in this section, including any attached reports, are sourced from third-party providers through diverse channels. The views and opinions expressed within these materials belong solely to their respective creators. These views and opinions do not necessarily reflect the position of Stratzy Fintech Pvt Ltd. Stratzy explicitly disclaims any guarantees, express or implied, regarding the accuracy and reliability of the provided content. We strongly advise consulting with a licensed financial advisor before making any investment decisions based on this information. Remember, seeking independent financial advice is crucial.