Bharti Airtel shares gain on optimism over ARPU increase

Shares of Bharti Airtel saw a 1 percent gain as they opened at Rs 1,143.55 on the National Stock Exchange (NSE) on February 28, driven by expectations of a surge in Average Revenue Per User (ARPU). The stock had concluded the previous session 1.19 percent higher, settling at Rs 1,123.30.

Jefferies, a leading global investment banking firm, has upheld its ‘buy’ rating on the stock, setting a target price of Rs 1,300. Analysts at Jefferies highlighted the favorable translation of tariff hikes into ARPU, citing a robust compound annual growth rate (CAGR) of around 17 percent, compared to 12 percent in the Rest of India (RoI) region.


As of 11:09 am, Bharti Airtel shares were trading at Rs 1,127.95, indicating sustained investor interest in the telecom giant amidst anticipation of a potential uptick in ARPU. The positive sentiment surrounding the company reflects investor confidence in its ability to capitalize on market opportunities and drive growth in key operational metrics. As market participants await further updates on ARPU trends and tariff adjustments, Bharti Airtel remains a focal point for investors eyeing developments in the telecommunications sector.