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Buy Bharti Airtel, target price Rs 800: Anand Rathi

Anand Rathi has buy call on Bharti Airtel with a target price of Rs 800. The current market price of Bharti Airtel Ltd. is Rs 682.25.

“During this ongoing geopolitical issue the stock seems to outperform which suggests relative strength. On the daily scale; the stock has turned from its 200 DEMA and 200 DSMA placed near 650 mark. Thus, we advise traders to buy the stock as per the give trade setup with a time horizon of 3 – 6 months,” the brokerage stated which has a target price of ₹800 and stop loss of ₹570.

CT Bureau

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