Bharti Airtel, one of India’s largest telecom companies, has delivered an impressive performance in the equity markets. On June 26, 2025, the stock jumped over 2% intraday to hit a fresh all-time high of ₹2,003.80 per share on the BSE, continuing its remarkable run over the past few sessions.

In just the last seven trading days, the stock has surged more than 8%, recording gains in six of those sessions. With this rally, Bharti Airtel has now gained over 25% in 2025 alone, reflecting strong investor confidence and renewed interest in India’s telecom growth story.

Long-Term Growth Story Backed by Numbers

• 1-Year Return: The stock has climbed nearly 37% over the past year.

• 5-Year Return: Bharti Airtel has skyrocketed by over 263%, showcasing sustained performance.

• 2025 YTD Performance: Up 25%, making it one of the best performers in the Sensex and Nifty.

This consistent upward trend reflects investor conviction in the company’s long-term business fundamentals, especially its strong customer base, revenue visibility, and digital expansion initiatives.

Brokerage Views Fuel the Rally

The latest spike in Bharti Airtel’s stock price is being largely attributed to bullish reports from top brokerages, with target prices well above the current levels.

Axis Securities:

• Released a technical analysis note stating the stock is showing a strong bullish candle pattern.

• Projects an upside towards ₹2,115 per share in the near term.

Jefferies:

• Outlined four strong reasons to buy Bharti Airtel:

  1. Strong revenue growth potential

  2. Low competitive pressure

  3. Attractive valuations

  4. Reduced capital expenditure (capex) intensity

• Labeled Bharti Airtel as the top pick in the telecom sector.

• Issued a target price of ₹2,370 per share, citing the company’s central role in India’s consumption-driven growth story.

Yes Securities:

• Maintained a ‘Buy’ rating on the stock.

• Set a target of ₹2,030, describing the stock’s current chart as having "impressive bullish strength."

• Encouraged investors to buy on dips, calling it an opportunity for value investing.

Valuation and Market Position

As of this writing:

• Current P/E Ratio: Close to 52, which is above sector average, but still considered reasonable given its high growth visibility and brand leadership.

• The stock is among the top gainers on Sensex and Nifty, contributing positively to overall market momentum.

Despite the high valuation, investors continue to bet on Bharti Airtel due to its:

• Scalable and stable business model

• Pan-India network reach

• Rising Average Revenue Per User (ARPU)

• Focus on 5G, enterprise solutions, and digital services

What Lies Ahead for Investors?

The future outlook for Bharti Airtel remains strong and resilient, driven by multiple growth levers:

• Subscriber growth: With continued subscriber additions and increasing mobile data consumption, revenue per user is on the rise.

• 5G monetisation: As the rollout of 5G matures, Bharti is expected to capitalize on enterprise and high-speed data opportunities.

• Digital transformation: The company’s efforts in Airtel Payments Bank, Wynk, Xstream, and Airtel IQ are opening up new revenue streams.

• ARPU improvement: Tariff hikes are likely, which will further boost ARPU and margins.

Brokerages maintain that Airtel is better positioned than competitors, especially due to limited competitive disruption and stronger financials compared to peers.

Technical and Investment Strategy

From a technical analysis perspective:

• The stock has strong support around ₹1,930–₹1,950

• Next resistance is placed around ₹2,030, followed by the Jefferies target of ₹2,370

• Investors are advised to hold current positions or accumulate on dips, as the stock shows continued bullish momentum

Given the solid long-term fundamentals and bullish broker outlooks, Bharti Airtel continues to be a favored pick among institutional investors, domestic mutual funds, and retail participants.

Conclusion

Bharti Airtel’s latest rally, taking the stock to a record ₹2,003.80, is driven by a combination of positive brokerage reports, technical strength, and long-term business visibility. With strong momentum, proven performance, and tailwinds from India’s digital and consumption growth, Bharti Airtel remains a standout performer in the telecom space.

As leading brokerages issue targets ranging from ₹2,030 to ₹2,370, and with the stock already up 263% in five years, Bharti Airtel is now firmly established as one of India's most consistent and growth-driven stocks in the telecom and digital services segment.

Investors should watch out for tariff revisions, ARPU trends, and 5G monetisation updates, which could further support valuation expansion and drive long-term returns.

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