The increase in Bharti Airtel Ltd.'s investability weightage in a key foreign index will lead to an inflow of $65 million or about 550 crore, IIFL Capital Services said in a release on Friday.
London-based FTSE Russell has bumped up the investability weightage in the FTSE All-World Index from 44.17% to 45.01%. This change, according to the company, is effective from May 21.
The company has also said that the weightage of the firm will remain unchanged in the FTSE MPF All-World Index, FTSE Global Large Cap Index and FTSE Emerging Index.
Bharti Airtel's consolidated net profit fell 25% sequentially in the fourth quarter of financial year 2025 but stood firmly higher than what was projected by analysts.
The telecom giant reported a bottom line of Rs 11,022 crore during the January-March period, as compared to Rs 14,781.2 crore in the previous quarter.
Bharti Airtel's stock closed 2.85% lower at Rs 1,814 apiece on the BSE, compared to a 0.24% decline in the benchmark Sensex. The stock has risen 34.86% in the last 12 months and 14.25% on a year-to-date basis.
Out of the 33 analysts tracking the company, 27 have a 'buy' rating on the stock, four recommend a 'hold' and two suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 1,982, implying a potential upside of 9%.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
