Analysts upbeat on Airtel, bet on tariff hike post elections

Mumbai: Most top brokerages raised or retained share price targets on Bharti Airtel, despite the telecom operator’s profits declining in the March quarter, in anticipation of a tariff hike after the ongoing general elections. The stock gained 2.75% to close at Rs 1,345.9, after hitting its 52-week high of Rs 1,356.85.