Nomura raises Bharti Airtel target price post tariff hike, sees 14% upside

Nomura on Bharti Airtel: Telecom giant Bharti Airtel has implemented a broad increase in tariffs, affecting both prepaid and postpaid plans with hikes ranging from 13 per cent to 21 per cent, effective July 03, 2024.

The move follows a similar action by Reliance Jio, showcasing a concerted effort within the telecom sector to stabilise and enhance pricing structures, analysts noted.