Bharti Airtel shares are on fire. The stock jumped over 2% on June 26 to hit an all-time high of ₹2,003.80 on the BSE. That’s not just a one-day story. Airtel has surged more than 8% in the past seven sessions, and over 25% so far in 2025.
In the last year, Bharti Airtel shares have gained nearly 37%. And if you stretch the view to five years, the stock has delivered a jaw-dropping return of 263%. Not bad for a legacy telecom company, right?
So, what’s going on behind this rally?
Bullish Calls from Big Players
The recent run-up comes after some strong thumbs-up from top brokerages. Jefferies, in a bullish note, called Bharti Airtel the “best play on India’s consumption story.” The brokerage pointed out four key reasons to stay bullish:
- Large and expanding market
- Low competition
- Attractive valuation
- Lower capex intensity
They’ve slapped a target price of ₹2,370 on the stock, making Airtel their top telecom pick.
Axis Securities also chimed in, saying the charts show a solid bullish candle. According to their technical analysis, Airtel could climb to ₹2,115 in the near term.
Yes Securities is similarly optimistic, with a ‘Buy’ rating and a near-term target of ₹2,030. Their advice? “Buy the dips.”
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What’s Driving Investor Confidence?
Bharti Airtel is benefiting from a steady shift in India’s telecom market. With fewer major players and rising data demand, the company is well-placed. Its average revenue per user (ARPU) continues to grow, and it’s kept costs under control.
Also, unlike Jio, which often grabs headlines, Airtel has focused on profitable growth over flashy moves. Investors seem to like that.
And while the stock’s P/E ratio is high at nearly 52, many argue it’s worth it for a quality telecom leader in a high-growth market.
What’s Next?
Technically and fundamentally, Bharti Airtel looks strong. The stock is now among the top gainers on Sensex and Nifty. With multiple ‘Buy’ calls, a bullish chart, and consistent business performance, the outlook remains positive.
Still, some caution is always wise. Stocks don’t rise in a straight line. There may be corrections. But experts agree—any dip could be a buying opportunity.
Disclaimer:
This article is for informational purposes only and is not financial advice. Please consult a certified advisor before making investment decisions.
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