Nomura Raises Bharti Airtel Target: ARPU Expansion and Enterprise Growth Drive Bullish Thesis
Nomura has raised its target price for Bharti Airtel, citing the telecom major continued average revenue per user expansion and its strengthening enterprise and home broadband segments. The upgrade reinforces Airtel position as a beneficiary of India two-player telecom duopoly, where rational pricing and 5G investments are translating into sustained revenue growth without the disruptive competitiv
Medium impactLong-term