Motilal Oswal Financial Services is pretty upbeat about Bharti Airtel, predicting its shares could climb to ₹2,400.
This optimism comes from expected tariff hikes of 10-15% across telecom by late 2026 or early 2027.
According to Siddhartha Khemka at Motilal Oswal, Airtel's focus on premium customers is driving up its average revenue per user (ARPU), which might lead to even higher valuations.
Airtel invests in fiber, data centers
Airtel has been investing in its fiber networks and data centers to boost cash flow and returns.
The company is focusing on premiumisation and ARPU growth.
By keeping its premium strategy, Airtel is retaining its market position.