Profit

Bharti Q4 PAT didn't match estimates, buy with target price of Rs 409: Telecom Analyst

PUBLISHED ON: May 2, 2012 | Duration: 5 min, 08 sec

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Commenting on telecom major Bharti Airtel's fourth quarter results, Bhavesh Gandhi, Telecom Analyst at IIFL said that the company's PAT came well below than their estimates; however, their average revenue per user (ARPU) was in line with estimates. "Buy with a target price of Rs 409," he said.
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