Bharti Airtel Stock Set for 22% Surge? Jefferies Reveals Why It's Their Top Telecom Pick!

Overview

Jefferies reiterated its 'Buy' rating on Bharti Airtel, setting a target price of Rs 2,635, implying a 22% potential upside. The firm cited Bharti's market leadership, consistent revenue growth, improving ARPU driven by 4G/5G adoption, stable market structure, and easing capex cycle as key strengths. Jefferies considers Bharti Airtel its top pick in the Indian telecom sector, highlighting its strong execution and market share gains over peers like Jio and Vodafone Idea.