BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss maintains hold on Bharti Airtel
Edelweiss has maintained hold on Bharti Airtel for target price of Rs 378. It expects sustained competitive intensity to accelerate consolidation in industry with emergence of fewer, but stronger players. Bharti remains aggressive in the market focusing on higher volume share to maintain leadership position. Decline in competitive intensity is pivotal for profitable growth and we would wait for subscriber addition and churn to plateau before turning positive on the sector.