Bharti Airtel shares near record high, received upgrades, Q4 profits fell

From Business Today: 2024-05-20 05:39:09

Shares of Bharti Airtel near record high, touching Rs 1348.20 on BSE. Stock received upgrades from brokerages, with JP Morgan raising target to Rs 1330 and Nomura to Rs 1550. Motilal Oswal sees 25% upside, raises target to Rs 1,640. Q4 profits fell 31.1% YoY to Rs 2,072 crore, while revenue grew 4.4% YoY to Rs 37,599 crore. India revenues up 12.9% in Q4 to Rs 28,513 crore, with ARPU at Rs 209.



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