ADVERTISEMENT

Bharti Airtel Q3 Results Review: Motilal Oswal Reiterates 'Buy' On The Stock, Hikes Target Price — Here's Why

Motilal Oswal reiterates Buy on Airtel with SoTP-based revised target price of Rs 1,990.

<div class="paragraphs"><p>Bharti Airtel remains the biggest beneficiary of the tariff hikes, with an Rs 35 increase in wireless average revenue per user over the last two quarters (versus ~Rs 20 for RJio).</p><p>&nbsp;(Source: NDTV Profit)</p></div>
Bharti Airtel remains the biggest beneficiary of the tariff hikes, with an Rs 35 increase in wireless average revenue per user over the last two quarters (versus ~Rs 20 for RJio).

 (Source: NDTV Profit)

Further, with a moderation in capex intensity, Bharti Airtel is likely to generate significant free cash flow (~Rs 1 trillion over FY25/FY26), which should lead to significant deleveraging and improvement in shareholder returns.
To continue reading this story
Subscribe to Unlock & Enjoy your 
Subscriber-Only
 benefits

Choose a plan

Renews automatically. Cancel anytime.
Still Not convinced ? Know More
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit