Bharti Airtel may rise more than 20 percent after elections says brokerages

Many brokerage companies are enthusiastic about Bharti Airtel and are increasing the target price of this telecom. He believes that the current circumstances are making Airtel shares a good deal.

Brokerage firm Nuvama Institutional Equities has now increased the target of Bharti Airtel to Rs 1,600.  Earlier this brokerage had given a target of Rs 1,580 to Airtel shares.

Brokerage firm Nuvama Institutional Equities has now increased the target of Bharti Airtel to Rs 1,600. Earlier this brokerage had given a target of Rs 1,580 to Airtel shares.

Similarly, brokerage firm MK Global has increased its target price for Bharti Airtel shares from earlier Rs 1,325 to Rs 1,400.

Similarly, brokerage firm MK Global has increased its target price for Bharti Airtel shares from earlier Rs 1,325 to Rs 1,400.

Motilal Oswal is also bullish on this telecom stock and is advising to buy.  This brokerage firm has now given a target price of Rs 1,640 to the shares of Bharti Airtel.

Motilal Oswal is also bullish on this telecom stock and is advising to buy. This brokerage firm has now given a target price of Rs 1,640 to the shares of Bharti Airtel.

Shares of Bharti Airtel were trading at Rs 1,335.60 with a rise of about 2 percent in today's early trade.  That means brokerage houses are seeing more than 20 percent growth potential in this stock.

Shares of Bharti Airtel were trading at Rs 1,335.60 with a rise of about 2 percent in today's early trade. That means brokerage houses are seeing more than 20 percent growth potential in this stock.

Brokerage firms believe that telecom companies are preparing to increase tariffs after the elections.  Bharti Airtel is especially going to benefit a lot from the telecom tariff hike.

Brokerage firms believe that telecom companies are preparing to increase tariffs after the elections. Bharti Airtel is especially going to benefit a lot from the telecom tariff hike.

Disclaimer: The information provided here is being given for information only.  It is important to mention here that investing in the market is subject to market risks.  As an investor, always consult an expert before investing money.  ABPLive.com never advises anyone to invest any money.

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest any money.

Published at : 16 May 2024 11:09 AM (IST)

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