The shares of Bharti Airtel jumped over 2 percent on June 26 to hit a fresh record high of Rs 2,003.80 apiece on the BSE. The telecom stock has now recorded gains in six out of the past seven sessions, rising over 8 percent during the period.
Bharti Airtel shares have gained over 25 percent so far in 2025. The stock has jumped nearly 37 percent in the past one year, and over 263 percent in the past five years.
The strong rally in the share price was buoyed by bullish brokerage notes. Axis Securities, in its weekly technical analysis, had noted that the charts for Bharti Airtel's shares indicate a strong bullish candle. It stated that according to its analysis, the stock can go as high as Rs 2,115 per share.
Jefferies recently outlined four reasons why investors should buy the shares of the telecom major. According to its note cited by CNBC-TV18, Bharti Airtel is the best way to tap into India's consumption story, as the company operates in a large market with comparatively low competition.
Further, the international brokerage had highlighted its attractive valuations, revenue growth potential and lower capex intensity as reasons why investors should own this stock. Bharti Airtel was Jefferies' top pick in the telecom segment, with a target price of Rs 2,370 apiece.
Yes Securities also kept a 'Buy' call on the stock, with a target price of Rs 2,030 apiece. The stock's technical analysis indicate an impressive bullish strength, Business Today cited the firm's analysts as saying. It further said that investors should look at any dip as an opportunity to own the stock, with a near-term target of Rs 2,030 apiece seeming achievable.
The stock has a P/E ratio of nearly 52. It is currently one of the top gainers on benchmark indices Sensex and Nifty.
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