ICICI Securities gives Bharti Airtel buy rating with ₹2,430 target
Business
ICICI Securities is feeling good about Bharti Airtel, giving it a buy rating and setting a target price of ₹2,430.
This confidence comes after Airtel's strong Q2 FY27 results: EBITDA jumped 11.3% in India's mobile segment and 14.5% in non-mobile business.
The firm also likes Airtel's push into digital services and plans to boost its data center and cloud tech.
Bharti Airtel Q2 profit up 30.9%
Airtel's Q2 FY27 net profit shot up by 30.9% year-on-year, with free cash flow hitting ₹121 billion.
The company is investing heavily to expand its digital services, data centers, cloud offerings, and AI models, showing they're serious about staying ahead in tech.