Bharti Airtel shares’ rating upgraded to ‘Buy’, target price raised as Jefferies sees these key triggers
Bharti Airtel’s market share gains among 4G subscribers, hikes in voice tariffs and improving tariff outlook due to Govt’s support for Vodafone Idea Ltd (VIL_ should help Bharti drive 13% growth in its mobile ARPUs over FY23-25, said global brokerage Jefferies which believes that market share gains are likely to accelerate amid 5G rollouts. “While we cut our estimates by 1-4% to factor tariff hike delays, we upgrade Bharti Airtel shares’…