Brokerages stay bullish on Bharti Airtel post Q4 nos, see up to 33% upside

Bharti Airtel reported a broadly in-line set of results with a positive surprise on the subscriber addition front offset by a marginally weaker ARPU

Shares of Bharti Airtel, on Tuesday, slipped as much as 2.2 per cent to Rs 537.10 on the BSE, in an otherwise firm market after the telecom operator announced its March quarter results. At 10:10 AM, the stock was trading 2 per cent lower at Rs 538.55 on the BSE. In comparison, the benchmark S&P BSE Sensex traded 0.9 per cent higher.

Bharti Airtel, on Monday, reported a consolidated net profit of Rs 759 crore in the fourth quarter of 2020-21, after provisioning for the adjusted gross revenue (AGR) payment due to the central government. The company's revenues stood at Rs