DAM Capital has initiated a “Buy” recommendation on Bharti Airtel, setting a target price of ₹1,907, which indicates an 18% upside potential from the current market price (CMP) of ₹1,613.80. The brokerage highlights the maturity of the telecom industry, positioning Bharti Airtel favorably in this phase.
Dam Cap anticipates significant growth in Bharti Airtel’s home broadband segment, which is seen as being on the cusp of multi-year expansion. The company’s B2B segment is also witnessing steady growth, contributing positively to its overall performance.
For the period FY25-27, Dam Cap expects Bharti Airtel’s India business to achieve a revenue CAGR of 12% and an EBITDA CAGR of 15%, indicating a strong growth trajectory in the coming years.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult a financial advisor for guidance on investment decisions.
