Airtel market capital close to 3 trillion for the first time in history.



Bharti Airtel shares at record high, market cap close to  3 lakh crore.

New Delhi: The shares of telecom company Bharti Airtel have reached a record high. Due to this, the company's market capitalization is close to Rs 3 lakh crore [3 trillion] for the first time. Airtel achieved this record after presenting tremendous results in the third quarter.

The company's revenue growth is expected to be 20 per cent in the March quarter. There will be a big hand in increasing tariff. The shares of the company reached a price of Rs 552.85 on Thursday. However, on Friday, the shares opened at a price of Rs 548.20 with some moderation.

The company's market cap reached Rs 2,98,282.60 crore based on Thursday's price. Bharti Airtel shares have rised 60 per cent in the last quarter. On Friday, the company's market cap was around Rs 2,98,000 crore.

According to a report by BNP Paribas, "Everything goes in favor of Airtel. Revenue growth is good, competition is softening, margins are improving, market share is continuously increasing, capital expenditure has softened and The company's balance sheet looks solid. "

The brokerage said that Bharti Airtel's revenue from India grew by 13.2 percent in the December quarter, the highest growth in the last seven years. The company has also not yet received the benefit of price hike. Goldman Sachs says that the company will get the benefit of tariff increase from the March quarter.

Golman expects wireless service revenue to grow 20 percent in the March quarter. Revenue growth was 5 percent in the third quarter, which was only 1 to 2 percent in the last two quarters. After three years, the impact of Jio has also reduced and the company has 21 million 4G subscribers.

Airtel's average revenue per user (ARPU) has been Rs 135, which is higher than Jio's Rs 128.4. On the company's network, the user is using 13.9 GB of data every month, which is the highest in the industry. The company's data volume growth was 72 percent, which is 40 percent for Jio.

Goldman Sachs advised to buy Bharat Airtel and said that the company's EBIDTA growth rate could remain above 10 percent. The company's market share is also expected to increase.

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