Nomura reaffirmed a Buy on Bharti Airtel (NSE:BHARTIARTL) and raised its target to Rs 2,355, citing robust FY26–29 EBITDA and operating FCF (~14% CAGR) and ~9% India mobility ARPU growth, while the company also disclosed a modest INR 620,000 fine from Assam telecom authorities with no operational details.
Previous Week Recap
- Nomura Keeps Buy, Airtel Target Up: Nomura kept Buy on Bharti Airtel, raised target to Rs 2,355. Forecasts ~14% EBITDA and operating FCF CAGR and ~9% India mobility ARPU CAGR for FY26–FY29.
- Airtel Fined INR 620k: Bharti Airtel (BHARTIARTL) was fined INR 620,000 by Assam’s Department of Telecommunications; notice states only the penalty amount, with no details on reasons, timing, or operational impact
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.