Could pay up to Rs 3,000 crore for 1.52 per cent. Singapore Telecommunications (SingTel) is increasing its interest in Bharti Airtel, the country’s leading mobile service provider, to 31.95 per cent from 30.43 per cent currently. SingTel owns 15.57 per cent in Bharti Airtel directly…
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Buy Bharti Airtel; target of Rs 952: Emkay Global
Posted on: May 30th 2009 in Brokerage Recommendations.
Emkay Global Financial Services has recommended a buy rating on Bharti Airtel with a price target of Rs 952 in its report dated May 28, 2009. “Street has raised concerns on large equity issuance (57%) and subsequent EPS dilution of 8-10% in FY10/FY11 (post consolidation of 49% in M…
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