Bharti Airtel, IndiGo & more: Top stocks to watch for on April 2, 2026
CLSA has an outperform rating on Bharti Airtel with the target price at Rs 2,320, up marginally from Rs 2,310 earlier. Analysts said Bharti Airtel is accelerating investments in data centre subsidiary Nxtra Data to $1 billion. Nxtra will ramp up capacity from 300MW to 1GW targeting a 25% market share. Bharti will retain a controlling stake post the deal, which values Nxtra at $3.1 billion. Nxtra’s business is co-location with a pan-India network of 14 large and 120+ edge data centres. Nxtra’s FY25 revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) were Rs 2,080 crore and Rs 790 crore, respectively, with net profit at Rs 220 crore.
