- Nomura keeps Buy on Bharti Airtel (BHARTIARTL), raises TP to ₹2,355. Cites steady ARPU, projected 14% EBITDA/FCF CAGR to FY2029, tariff hike expected Q3 FY2027, growth in data, fintech.
- Bharti Airtel said Assam’s Department of Telecommunications fined the firm Rs 6.2 lakh. No further details on the reason, timing or next steps were disclosed.
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Key facts: Nomura Buy on Airtel, TP ₹2,355; Assam DoT fines ₹6.2 lakh
Nomura keeps Buy on Bharti Airtel (BHARTIARTL), raises TP to ₹2,355. Cites steady ARPU, projected 14% EBITDA/FCF CAGR to FY2029, tariff hike expected Q3 FY2027, growth in data, fin