Bharti Airtel trades up 3.40%; reaches 52-week high

The stock of Bharti Airtel was up by over 3.40% today at Rs 619.75 reaching its 52-week high, just before the company gets ready to reveal its October-December quarter earnings today.

According to some predictions made by various financial and brokerage companies, it is expected that the company will be reporting diverse numbers with some targets being met on a yearly basis and some targets being missed when compared on a Quarter-on-Quarter basis.

Kotak Institutional Equities, a brokerage firm under the Kotak Mahindra Group, stated that among the main reasons that the company should be expecting profits are a stable increase in market share of subscriber’s tuned to Airtel, and also because of consumers moving towards more advanced 4G technologies.

Talking about the same, the brokerage firm stated, “We build in a 1.7 per cent Quarter-on-Quarter (up 24.2 per cent Year-on-Year) increase in implied ARPU to Rs164 per month. Net sales may show a 16.6 per cent Year-on-Year gain. EBITDA can rise 22.6 per cent Year-on-Year while EBITDA margin can grow 216 bps Year-on-Year.”

Emkay Global, another brokerage firm, noted that Bharti’s home broadband segment ARPU has been under tension as a result of the new, cheaper plans that were launched last year in September. Due to this, Emkay Global predicted the capital from the home broadband segment to have stalled 1.2% on a quarterly basis.

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