Airtel will Boom

Jefferies continues to recommend buying Airtel’s stock with a target price of Rs 1,300. Analysts mention that the increase in tariffs has led to a better growth in Average Revenue Per User (ARPU), showing an annual growth rate of around 17 percent compared to 12 percent in the rest of India.

The report also points out that Bharti Hexacom is in a favorable position as its markets have historically grown 3-5 percent faster than the rest of India, according to the analysis of TRAI data.