Buy Bharti Airtel, price target Rs 585: Jay Thakkar

INSUBCONTINENT EXCLUSIVE:
Jay Thakkar of Anand Rathi has a buy call on Bharti Airtel Ltd
with a target price of Rs 585.0
The current price of Bharti Airtel Ltd
is Rs 565.1
Jay Thakkar recommended to keep a stoploss at Rs 555
Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 308293.55 Crore) operating in
Telecommunications sector
Bharti Airtel Ltd
key Products/Revenue Segments include Service Revenue which contributed Rs 49589.50 Crore to Sales Value (99.96 % of Total Sales) and Sale
of Products which contributed Rs 18.50 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 21947.10 Crore, up 3.86 % from last quarter Sales of
Rs 21131.30 Crore and up 6.96 % from last year same quarter Sales of Rs 20519.20 Crore Company has reported net profit after tax of Rs
-312.60 Crore in latest quarter
Mittal, Mr.Shishir Priyadarshi, Mr.Rakesh Bharti Mittal, Mr.Gopal Vittal, Mr.D K Mittal, Mr.Craig Ehrlich, Mr.Craig Edward Ehrlich, Ms.Tan
Yong Choo
Company has Deloitte Haskins - Sells LLP as its auditors As on 15-01-2020, the company has a total of 5,455,557,355 shares outstanding.