10 reasons why Nomura stays bullish on Bharti Airtel, sees 28% upside
Nomura on Tuesday named Bharti Airtel its top telecom pick and increased its target price to ₹2,355 apiece, while highlighting that the implied valuation discount when compared to Reliance Industries’ Jio Platform is unwarranted.
The international brokerage maintained its ‘Buy’ call on the stock. The latest target price implies an upside potential of nearly 28% from the stock’s previous closing price of ₹1,841 apiece on NSE.
