Bharti Airtel is CLSA’s telecom top pick. 4 reasons why…

International brokerage house, CLSA has identified Bharti Airtel as its top pick for the Telecom sector. It has maintained its ‘Buy’ rating on the stock, with a target price of Rs 1,880. This implies an upside of almost 15% from the current market price. The revenue outlook coupled with new user additions are among the key reasons for the positive rating.