Home / Markets / News / Bernstein initiates coverage on Bharti Airtel with an 'outperform' rating

Bernstein initiates coverage on Bharti Airtel with an 'outperform' rating

The brokerage notes that the pricing status quo is net positive for Jio and Bharti and negative for Vodafone Idea.

Premium

It expects further consolidation of the market by 2025 with a revenue share of Bharti Airtel at 31 per cent and that of Reliance Jio at nearly 47 per cent.

Swati Verma New Delhi

3 min read Last Updated : Oct 23 2020 | 11:36 AM IST

India remains an attractive market opportunity in the telecom sector and Bharti Airtel will be one of the two long term winners, said analysts at the foreign brokerage firm Bernstein Research. The brokerage has initiated the coverage on the stock with an "Outperform" rating and the target price of Rs 600.

"Telecom in India is a consolidating market with Reliance Jio and Bharti Airtel holding nearly 70 per cent share while Vodafone Idea market share is bleeding. The long term market dynamics are positive with rising average revenue per user or ARPU (nearly 13% CAGR), still-low user penetration (near 70

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in