Monday, 24 November 2008

Buy Bharti Airtel, target of Rs 850: Anand Rathi

Anand Rathi Securities has initiated a buy rating on Bharti Airtel with a target price of Rs 850 in its November 22, 2008 research report. "We believe Bharti offers a rare combination of high quality, solid and visible earnings growth at attractive valuations. The company is best placed to ride regulatory bumps, thanks to its superior scale and strong balance sheet. We initiate with a Buy and Sep ’09 target price of Rs 850," says Anand Rathi's research report.

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Source: Moneycontrol

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