4 reasons Jefferies has Buy on Bharti Airtel

Telecom stocks are in focus after the recent tariff hikes and Bharti Airtel has been a breakout stock. The share price of Bharti is up over 7% so far in 2025. Jefferies in its recent report has identified the stock as its preferred way to play the ongoing tariff improvement in India. Bharti’s aggregate revenue growth accelerated to 16% YoY, aided by tariff hikes. Jefferies has put a Buy on the stock with a target price of Rs 2,030/share, implying upside of 18% from current levels.