India's Bharti Airtel rises as CLSA sees high investor appetite on strong fundamentals

Bharti Hexacom

26/06/2025 10:35

** Shares of telecom services provider Bharti Airtel BRTI.NS rise 2.1% to 2,006 rupees

** CLSA says investor appetite for BRTI remains high due to continuing strong growth, after conducting a roadshow in UK and EU

** Investors also attracted due to its expanding market share and widening ARPU (average revenue per user) premium to rival Reliance Jio, according to CLSA

** Brokerage, however, says BRTI's unit Bharti Hexacomm BHAX.NS may see some selling due to its costly valuations; BHAX down 3.1% for the day

** BRTI shares are up 24% in 2025 so far, compared to the 8% rise in benchmark Nifty 50 .NSEI

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))