BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains reduce on Bharti Airtel
Net debt levels are still high at $11 billion, 2.6 times EBITDA and most of the deleveraging seems to be through asset sales. Core earnings risk remain due to weak voice prices and data economics issues. Reliance-Jio entry could be an event risk.