ICICI Securities: Risk-Reward Favourable Again For Bharti Infratel

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.At current market price, Bharti Infratel Ltd. provides a huge margin of safety and an opportunity to earn dividend of Rs 17.8 per share.This means the effective price of buying Bharti Infratel is Rs 160 per share. Our working shows, in worst case of Vodafone Idea Ltd. shutdown, the fair value of the company dips to Rs 130-150 per share.However, the probability of Vodafone Idea shutting down has been reducing with staggered adjusted gross revenue (AGR) payment and the company’s efforts to raise fresh capital.Further, any tariff hike, which is imminent, will increase confidence among investors.The new scheme of arrangement also provides additional security in terms of merged entity share pledge by Vodafone Plc.We believe 5G will open up new business opportunities such as higher core rentals, and small cell and fiber business..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Securities: Risk-Reward Favourable Again For Bharti Infratel

ICICI Securities: Risk-Reward Favourable Again For Bharti Infratel

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