Buy Bharti Airtel shares.
That's the recommendation from Jefferies.
But why is the global brokerage firm bullish on Bharti Airtel?
Jefferies believes Jio, the telecom arm of Reliance, is now focusing on growth. And this may result in telecom tariffs going up in India.
A move that is also expected to boost Bharti's growth big time.
That's why Jefferies has given a BUY call on Bharti Airtel. And has increased the target price to 1,970 rupees per share.
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