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Brokerage house Antique Broking has initiated coverage on Bharti Airtel with a ‘buy’ call and a target price of ₹1,505, implying an over 22 percent upside.
The telecom's high yield and low earnings multiple may not be enough to tilt it into value territory.
The has been surging since September 2023 when it announced that it had developed branded laptops and micro PCs under the name Smaash
Nifty traded in a defined range in the morning but soon started slipping. It closed in the red.
Around 1.1 crore shares, representing 0.2 percent equity, worth Rs 922.8 crore changed hands at an average price of Rs 852.9 per share on the bourses.