Bharti Airtel shares at record high are the top Nifty gainers; Analysts see further upside
Published on 04/11/2025 10:03 AM
Bharti Airtel shares at record high are the top Nifty gainers; Analysts see further upsideOf the 32 analysts that track Bharti Airtel, 25 continue to have a 'Buy' rating on the stock, while two say 'Hold'. Five analysts have a 'Sell' rating.By Meghna Sen November 4, 2025, 10:03:31 AM IST (Published)2 Min ReadShares of Bharti Airtel gained 3% to hit a record high on Tuesday, November 4, extending gains for the second consecutive session. The stock touched an all-time high of ₹2,135.60 and emerged as the top gainer on the Nifty 50 index in today's trade.
The telecom major reported a better-than-expected performance, driven by stronger-than-anticipated results in both its India and Africa operations. Consolidated revenue rose 5.4% against estimates of 3.1%, while India revenue rose 2.6%, compared to expectations of 2.2%.
Consolidated EBITDA margins expanded 40 basis points sequentially to 56.7%. The company's average revenue per user (ARPU) came in at ₹256, with net subscriber additions of 1.4 million quarter-on-quarter.
Brokerages remain positive on Bharti Airtel after its September-quarter results.
Jefferies reiterated its 'Buy' rating with a price target of ₹2,635, citing that the company delivered a broad-based earnings beat. The brokerage said subscriber premiumisation and improving monetisation trends continue to underpin Airtel's strong growth outlook, prompting it to raise its FY26-FY28 estimates by 1-4%.
CLSA maintained an 'Outperform' rating on the stock with a price target of ₹2,285, while Citi also retained its 'Buy' call with a price target of ₹2,225, citing steady second-quarter performance.
Bharti Airtel will hold its post-earnings conference call at 1 pm today.
Of the 32 analysts that track Bharti Airtel, 25 continue to have a 'Buy' rating on the stock, while two say 'Hold'. Five analysts have a 'Sell' rating.
Bharti Airtel's shares have surged over 30% so far in 2025. The stock has recovered over 40% from their 52-week low of ₹1,511.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBharti AirtelBharti Airtel share priceBharti Airtel sharesshare market today