Goldman Sachs raises Bharti Airtel target price, maintains bearish stance on Vodafone Idea, Indus Towers

Goldman Sachs has revised its outlook on India’s telecom sector, boosting its target price for Bharti Airtel while slashing projections for Indus Towers and maintaining a bearish stance on Vodafone Idea. The global brokerage remains optimistic about Bharti Airtel’s growth prospects, driven by strong earnings momentum and strategic consolidation, but continues to flag financial and operational concerns for Indus Towers and Vodafone Idea.