Investment RecommendationsInvestment Recommendations According to ICICI Securities, Bharti Airtel shares are a buy recommendation with an upside potential and a target price of Rs 1,500. ICICI Direct Research has also given a buy recommendation for VA Tech Wabag Ltd., with a target price of Rs 1,550 in six months. Bharti Airtel Price Target ICICI Securities suggests a target price of Rs 1,500 for Bharti Airtel, indicating a potential upside from the current market price of Rs 1,418. The stock has shown growth over various timeframes, including 9% in the last month and 63% in the past year. VA Tech Wabag Price Target ICICI Direct Research predicts a return of around 21% for VA Tech Wabag over the next six months. The brokerage recommends buying the stock with a target price of Rs 1,550. Bharti Airtel Financial Results * Q4 2023-24 revenue: Rs 37,599 crore * India business revenue: Rs 28,513 crore * Consolidated EBITDA: Rs 19,590 crore * India business EBITDA: Rs 15,293 crore VA Tech Wabag Company Profile VA Tech Wabag is a global water management company offering solutions in areas such as desalination, water treatment, and sludge treatment. It is ranked third worldwide in the industry. Disclaimer This article provides informational purposes only and does not constitute financial advice. News9live.com does not recommend buying or selling shares or subscribing to IPOs and Mutual Funds.
Stocks You Can Invest In: ICICI Securities has issued a buy recommendation on Bharti Airtel shares and ICICI Direct Research has advised investors to invest money in buying shares of VA Tech Wabag Ltd.
Stocks to invest in – Bharti Airtel and VA Tech Wabag (Photo: Airtel and X – @vatechwabag)
New Delhi: ICICI Securities has recommended investors in the stock market to buy shares of Bharti Airtel, while ICICI Direct Research has given a buy recommendation on VA Tech Wabag Ltd. The two brokerage firms shared the target price and stop loss for the two stocks mentioned.
Bharti Airtel price target
ICICI Securities gave a Buy rating on Bharti Airtel, saying the telecom stock has upside potential and set a target price of Rs 1,500. The stock price of Bharti Airtel ended at Rs 1,418 apiece on NSE on July 4, 2024. The stock price of Bharti Airtel has risen over 9 per cent in the past one month, around 35 per cent in six months and has appreciated over 63 per cent in the past one year. Bharti Airtel shares were trading at Rs 1,419.35 apiece at 10 am on July 4, 2024.
Stocks to buy
VA Tech Wabag target price
ICICI Direct Research is bullish on VA Tech Wabag and expects the counter to deliver around 21 per cent returns in the next six months. The brokerage advised the stock enthusiasts to buy the stock with a target price of Rs 1,550 in six months. VA Tech Wabag shares were trading at Rs 1,326.15 apiece as at 10 am on July 4, 2024.
Bharti Airtel 2023-24 Financial Results
Bharti Airtel posted quarterly revenue of Rs 37,599 crore in Q4 2023-24. The telecom giant’s India business posted quarterly revenue of Rs 28,513 crore — up 12.9% YoY. The company’s total consolidated EBITDA stood at Rs 19,590 crore; while its India business posted EBITDA of Rs 15,293 crore.
Results for the year ended March 31, 2024
Consolidated revenue at Rs 149,982 crore, up 7.8% YoY
Consolidated EBITDA at Rs 79,046 crore and EBITDA margin at 52.7%, up 115 bps YoY
India EBITDA at Rs 59,009 crore and EBITDA margin at 53.8%, up 162 bps YoY
Consolidated net profit (before exceptional items) at Rs 11,305 crore
Consolidated net profit (after exceptional items) at Rs 7,467 crore
All about VA Tech Wabag
VA Tech Wabag (Wabag) a prominent player in total water management
Industry. The company is ranked 3rd worldwide. It is engaged in providing water solutions such as desalination, drinking water and municipal water treatment, sludge treatment, industrial water and wastewater treatment, etc.
Rise and rise of Sensex
“As of FY24, the company has a reasonable order book of Rs 400 crore, which provides decent revenue visibility in the medium term. The company has participated in projects worth $1 billion in the international markets which we believe will boost order inflows in FY25E as domestic orders could be tepid in H1FY25 due to the general elections,” the brokerage said.
(Disclaimer: This article is for informational purposes only. News9live.com does not recommend buying or selling shares or subscribing to IPOs and Mutual Funds..)
