Jio IPO may catalyse re-rating for Bharti Airtel, says Jefferies
Jio’s planned mega IPO in the first half of 2026 could turn into an important re‑rating catalyst for Bharti Airtel, with Jefferies arguing that tariff hikes and higher sector weight in indices will work in Bharti’s favour rather than against it. The brokerage has raised its target price on Bharti Airtel to ₹2,760, implying about 32% upside from current levels and reiterating the stock as its top pick in the Indian telecom industry.
