Why is this telecom stock Jefferies preferred pick in the telecom sector? 3 reasons fuelling the 22% upside prediction

Focus on the telecom sector now – Bharti Airtel is moving in a tight range as Jefferies reiterated its Buy call on the telecom operator and kept its target price at Rs 2,635. This implies an upside of nearly 22%. The brokerage said Bharti remains its preferred pick in Indian telecom, supported by a stable market structure, rising 4G/5G penetration, and sustained revenue gains compared to Jio and Vodafone Idea, as outlined in its latest sector update.