Bharti Airtel Stock Price: Foreign brokerage firm Jefferies is bullish on the shares of telecom company Bharti Airtel. It is believed that the company may increase mobile tariffs several times in the coming years. The brokerage estimates that the stock may rise by 19 percent in the future. Jefferies has increased the target price for Airtel shares from Rs 1760 to Rs 1970 per share. It has also reiterated the ‘buy’ rating.
Jefferies raised its revenue and EBITDA estimates for Bharti Airtel’s India operations by 5-9 per cent for FY26 and FY27, citing strong performance potential. The brokerage also forecasts a robust EBITDA CAGR of 19 per cent over the FY24-27 period.
10 percent tariff hike expected in mid-FY26
For Airtel, Jefferies has modeled a 10 percent tariff hike by mid-FY26. Apart from this, a 10 percent increase has also been estimated in the second quarter of FY27. According to Jefferies, Reliance Jio and Vodafone Idea may also make several tariff hikes in the coming years. The increase may be needed due to Jio’s increasing focus on growth, while Vodafone Idea’s increase may be due to the continuous decline in market share.
The stock fell after touching a new 52-week high
On September 13, Bharti Airtel’s stock opened with a marginal gain at Rs 1650.05 on the BSE. It soon touched a new 52-week high of Rs 1655. But later it fell into the red with a marginal decline. The company’s market cap is at Rs 9.30 lakh crore.