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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.
10 Feb 2025, 08:06 AM IST 
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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.
