Jefferies lowers Bharti Airtel target price amid Jio IPO delay
after close1 source ↓written by the desknot a recommendation
- ₹2,250
- ₹2,575
- from the previous
- 25% upside
- for FY26-28
- 6-8%
Jefferies has cut its target price on Bharti Airtel to ₹2,250 from ₹2,575, citing a potential delay in Jio's IPO and rising macro risks. The brokerage maintains a Buy rating, noting a 25% upside from the previous close. It also trimmed India revenue and EBITDA estimates by 6-8% for FY26-28, indicating low chances of tariff hikes by June 2026 due to inflation and regulatory delays.
Not investment advice. For informational purposes only.