Bharti Airtel soars to 52-week high after BofA Securities upgrades its rating, revises target
BofA Securities on Tuesday upgraded the stock to 'neutral' and revised its target price to 1145, implying an upside of 7 per cent from Bharti Airtel's current share price. The brokerage analysts said that they were expecting a 'meaningful tariff hike' in the next 12 months that is likely to benefit the telecom firm.
![Bharti Airtel soars to 52-week high after BofA Securities upgrades its rating, revises target](https://cdn.zeebiz.com/sites/default/files/2024/01/10/275781-airtel-new-logo-reuters.jpg?im=FitAndFill=(1200,900))
The stock of Bharti Airtel has soared by 6.89 per cent in the one month; 20.74 per cent in the six months; and 34.90 per cent in the one year. Photo: Reuters/Representational