Nomura has named Bharti Airtel its top telecom pick, raising its target price to Rs 2,355 and calling it an 'ARPU compounder'. The brokerage highlighted the company's strong free cash flow generation, potential tariff hikes, and growth in its data centers, Airtel Money, and African businesses.
Nomura has named Bharti Airtel its top telecom pick, raising its target price to Rs 2,355 and calling it an 'ARPU compounder'. The brokerage highlighted the company's strong free cash flow generation, potential tariff hikes, and growth in its data centers, Airtel Money, and African businesses.
<iframe src="https://hindustansphere.com/embed/cluster/be6a89c5e3cea52312a6f8695171736245573696" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="10 reasons why Nomura stays bullish on Bharti Airtel, sees 28% upside"></iframe>
