Brokerages have retained their bullish stance on Bharti Airtel after the telecom operator reported almost in-line Q4FY23 earnings. Consolidated net profit rose by 50% YoY, helped by strong 4G user additions and higher data and voice services consumption. Jefferies, Morgan Stanley, Credit Suisse and Prabhudas Lilladher all maintained “Buy” or “Overweight” recommendations on the counter, with target prices ranging between Rs 860 to Rs 1,008. Analysts lauded strong subscriber additions, healthy FCF generation, and growth in homes and enterprise business.
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April 7, 2025