Bharti Airtel shares rose 4% after the telecom major reported a 37% year-on-year jump in June-quarter net profit and an 18% increase in revenue. Brokerages remained bullish, with target prices implying up to 21% upside, driven by strong subscriber additions, higher ARPU and robust cash flows.
Bharti Airtel shares rose 4% after the telecom major reported a 37% year-on-year jump in June-quarter net profit and an 18% increase in revenue. Brokerages remained bullish, with target prices implying up to 21% upside, driven by strong subscriber additions, higher ARPU and robust cash flows.
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Shares of Bharti Airtel gained 4% to Rs 2,027 on the BSE on Wednesday after the telecom major reported a strong set of earnings for the June quarter, with consolidated net profit rising to Rs 8,167 crore, up more than 37% year-on-year (YoY).Its revenue from operations rose more than 18% YoY to Rs 58,539 crore, compared with Rs 49,463 crore a year ago. The company will hold its analyst call at 12 PM todayAlso read: Government reviews net neutrality rules to enable 5G network slicing servicesOper…
