Morgan Stanley Upgrades Bharti Airtel to Overweight, Raises Price Target to Rs 2,435
Morgan Stanley has upgraded Bharti Airtel to Overweight and raised its price target to Rs 2,435, citing improving industry fundamentals, stronger monetisation, and sustained growth visibility. The brokerage expects Airtel’s average revenue per user (ARPU) to rise to Rs 370–Rs 390 by FY32, even without any additional tariff hikes beyond … Read More