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  • Brokerage firm Jefferies recommends BUY call for Bharti Airtel shares
  • Jefferies believe Jio's growth focus could lead to higher telecom tariffs
  • Jefferies has raised the target price for Bharti Airtel to ₹1,970 per share

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Bharti Airtel Stock Alert: Jefferies Says BUY Now, Ups Target Price To ₹1,970/Share

Jefferies recommends buying Bharti Airtel shares, citing a shift in Jio's growth focus which could lead to higher telecom tariffs. This is expected to boost Bharti's growth, with Jefferies raising the target price to ₹1,970 per share.

Updated: Sep 02, 2022 10:53
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Editorji News Desk

Bharti Airtel Stock Alert: Jefferies Says BUY Now, Ups Target Price To ₹1,970/Share

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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