Quote on Bharti Airtel buy on dips by Mr. Amarjeet Maurya, Angel Broking Ltd
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Below is quote on Bharti Airtel buy on dips by Mr. Amarjeet Maurya, - AVP - Mid Caps, Angel Broking Ltd
Today Bharti Airtel Ltd (BAL) stock is down ~4% which provides buying opportunity to long term investors. In 1QFY22, BAL has shown healthy revenue growth of ~12% and adjusted Profit growth of ~102%. Going forward, we expect BAL to report healthy top-line & Bottom-line growth on the back of a strong brand, growth in customer additions, and improvement in ARPU due to increase in tariffs rate . Hence, we are positive on stock.
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