India's Bharti Airtel rises after Morgan Stanley upgrades to 'overweight', raises PT

Bharti Airtel

16/12/2025 07:20

** Bharti Airtel BRTI.NS rises as much as 1.6% to 2,103.5 rupees; last up 1.2%

** Morgan Stanley upgrades telecom operator to "overweight" from "equal-weight", raises PT to 2,435 rupees from 2,035 earlier

** Expects Bharti Airtel's average revenue per user to grow by mid-single digits even without any further tariff support post 2026

** Says stock should be able to maintain current 1-year forward valuation multiple, with strong EBITDA growth driving upside to share price

** BRTI rated "buy" on average by 30 analysts; median PT 2,320 rupees - data compiled by LSEG

** YTD, stock up 32.5%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))