Why did UBS downgrade Bharti Airtel, Vi ahead of Q1 results? Find out here

UBS has downgraded Bharti Airtel to 'Sell' and Vi to 'Neutral', while keeping the target prices unchanged at ₹1,970 and ₹8.5, respectively.

UBS on Indian telcos: Ahead of the June quarter (Q1FY26) earnings, foreign brokerage UBS has taken a cautious stance on India’s telecom sector, downgrading Bharti Airtel and Vodafone Idea (Vi), citing concerns around valuations and limited near-term catalysts.  

 

Given this, at the last count, Bharti Airtel was trading 0.81 per cent lower at ₹1,949.25 while Vodafone Idea was down 0.82 per cent at ₹7.28. By comparison, BSE Sensex was trading 0.30 per cent lower at 82,944.42 levels. 

   

UBS has downgraded Bharti Airtel from ‘Neutral’ to ‘Sell’, while Vi was downgraded from ‘Buy’ to