Bharti Airtel Shares May Rally 25% Says Motilal Oswal — Check Target Price, Rating And More

Bharti Airtel's stock experienced a sharp decline, dropping 6% after the telecom giant announced its entry into the non-banking financial company (NBFC) sector. Despite this recent dip, Motilal Oswal has projected a potential 25% rally for Airtel shares, citing the company's strong fundamentals and growth trajectory. Analysts believe that the diversification into NBFC will bolster Airtel's revenue streams and enhance its competitive edge in the market. The firm has set a target price of INR 940 per share, reinforcing a 'Buy' rating. This strategic move comes as Airtel aims to leverage its existing customer base and technological expertise to capture a larger share of the financial services market. Investors are advised to consider the long-term perspectives, as the telecom sector continues to evolve with increasing digitalization and financial product demand. Overall, while the immediate market reaction has been negative, the outlook remains optimistic as Airtel seeks to navigate and thrive in the evolving landscape of financial services in India.