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Buy Bharti Infratel, target Rs 410: Manas Jaiswal

Buy Bharti Infratel at a price target of Rs 410 and a stop loss at Rs 380 from entry point.

ETMarkets.com|
Last Updated: Sep 19, 2017, 08.59 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Bharti Infratel with a target price of Rs 410.

The current market price of Bharti Infratel is Rs 388.10.

Time period given by analyst is intraday when Bharti Infratel price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 380.

Bharti Infratel, incorporated in the year 2006, is a Large Cap company (having a market cap of Rs 71,783.30 Crore) operating in Infrastructure sector.

Bharti Infratel key Products/Revenue Segments include Income from Infrastructure Activity which contributed Rs 6,084.70 Crore to Sales Value (100 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 1,593.40 Crore, down 0.74 per cent from last quarter Sales of Rs 1,605.30 Crore and up 9.66 per cent from last year same quarter Sales of Rs 1,453.10 Crore.

Company has reported net profit after tax of Rs 343.10 Crore in latest quarter.

The company’s top management includes Mr.Akhil Gupta, Mr.Bharat Sumant Raut, Mr.D S Rawat, Mr.Jitender Balakrishnan, Mr.Lang Tao Yih Arthur, Mr.N Kumar, Mr.R P Singh, Mr.Rajan Bharti Mittal, Mr.Sanjay Omprakash Nayar, Ms.Leena Srivastava.

Company has Deloitte Haskins & Sells LLP as its auditors.

As on 30-06-2017, the company has a total of 1,849,608,246 shares outstanding.

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