Bharti Airtel’s stock experienced a notable 2% surge following a reaffirmation of its ‘Buy’ rating by leading brokerage firm Motilal Oswal. The firm has set a target price of ₹1,985, highlighting the telecom giant’s robust financial performance, improving cash flows, and strategic capital allocation as key drivers of long-term growth.
Motilal Oswal projects Bharti Airtel’s annual free cash flow to surpass ₹500 billion by FY27, underscoring the company’s strong cash generation capabilities. This positions Airtel well for future investments and shareholder returns. The company has also effectively managed its debt, addressing high-cost liabilities and maintaining a stable leverage position.
Operationally, Bharti Airtel is expected to see consolidated revenue grow at a 15% CAGR and EBITDA at 19% over FY24-27. This consistent upward trajectory reflects Airtel’s ability to capitalize on increasing data consumption and premium customer segments. Strategic capital allocation is emphasized as crucial for sustained growth.
Today, Bharti Airtel’s shares opened at ₹1,578, reaching a high of ₹1,614 and a low of ₹1,577.10. The stock remains strong, with a 52-week high of ₹1,779 and a low of ₹1,133.05. This resilience is attributed to Airtel’s transformative shift towards data-based pricing and its robust market performance, making it a top pick among investors.
The reaffirmation by Motilal Oswal aligns with broader market optimism, as other brokerages like Goldman Sachs have also raised their target prices, citing strong earnings visibility and premium service offerings. As the telecom sector continues to evolve, Bharti Airtel’s strategic focus on India and premium customer engagement is expected to drive further growth and investor confidence.
