Quote on Bharti Airtel stock is up ~5% by Mr. Amarjeet Maurya, Angel Broking Ltd
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Below is quote on Bharti Airtel stock is up ~5% by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
Today Bharti Airtel Ltd (BAL) stock is up ~5%. BAL is getting positive momentum in stock due to the company increasing tariffs rate for the postpaid subscriber. The company is increasing tariffs rate for the enterprise segment ( which account for around 60% of the company’s postpaid users) which would boost overall average ARPU for BAL. 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. Hence, we are positive on stock.
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