Bharti Airtel’s stock surged 2% after leading brokerage firm Motilal Oswal reaffirmed its ‘Buy’ rating with a target price of ₹1,985. The firm cites strong financial performance, improving cash flows, and strategic capital allocation as key drivers of long-term growth.
As per the brokerage firm, the telecom giant is poised for robust expansion, with its annual free cash flow projected to surpass ₹500 billion by FY27. This indicates strong cash generation capabilities, positioning the company well for future investments and shareholder returns. Additionally, Bharti Airtel has effectively managed its debt, addressing high-cost liabilities and maintaining a stable leverage position. Operational performance remains strong, with consolidated revenue expected to 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.
Motilal Oswal emphasizes that strategic capital allocation will be crucial for Bharti Airtel’s sustained growth.
Bharti Airtel’s shares opened today 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.
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