Picture of ICICI Securities logo

ISEC ICICI Securities News Story

0.000.00%
in flag iconLast trade - 00:00
FinancialsConservativeMicro Cap

India's Bharti Airtel to report steady quarter, analysts say

** India's second-largest telecom operator Bharti Airtel BRTI.NS reports Q2 results today; stock up 0.2% at 2,057 rupees

** Centrum expects steady quarter aided by subscriber additions, shift to higher-margin 4G/5G plans

** ICICI Securities notes additional day in quarter should help sequential ARPU growth

** Ambit Capital expects core profit margin improvement as operating leverage from higher revenues aids cost absorption

** Centrum, Motilal Oswal, ICICI expects 253-255 rupees ARPU

** Stock rated "buy" on avg by 31 analysts; median PT 2,095 rupees - data compiled by LSEG

** Rivals Reliance Jio RELJ.NS posted 12% Q2 profit rise, Vodafone Idea VODA.NS yet to report

** YTD, BRTI rises 30% vs VODA's 13.6% advance and 8.8% rise in Nifty 50 index .NSEI

 (Reporting by Aleef Jahan)

 ((aleefjahan.cs@thomsonreuters.com))

Recent news on ICICI Securities

See all news