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Bharti Airtel: Tariff hike key trigger; Morgan Stanley 'OW' for 34% upside
Airtel share price target: Morgan Stanley said the key catalyst for stronger earnings remains a tariff hike, which may be announced in November or December this year.
Adani Enterprises shares could rise another 23% as Morgan Stanley banks on strong operations
By FY30, the brokerage expects Adani Enterprises' airport portfolio to handle 145 million passengers annually, while its data centre business is projected to build a 2 GW portfolio through the joint venture route.
Dixon Tech Remains Top Pick For Morgan Stanley Amid Vivo JV Approval Buzz — Check Target Price
JPMorgan expects the operations to start after 60-90 days in the third quarter of FY27, once the JV gets approved and assumes it could contribute 11 million to mobile volumes for Dixon Tech in FY27 and 22 million in FY28.
Bharti Airtel shares gain over 2% after Q4 results. Why Morgan Stanley sees more upside
Shares of Bharti Airtel rose over 2% on Thursday despite a 34% YoY fall in March-quarter consolidated net profit to Rs 7,325 crore. Investors focused on strong operational performance, with revenue climbing 16% to Rs 55,383 crore. Growth was led by steady momentum in the India business and resilient Africa operations, while India revenue, including passive infrastructure services, rose 8% year-on-year.
Bharti Airtel swap deal a win for minority shareholders, Morgan Stanley says; stock gains
The telco has announced a share swap deal to acquire an additional 16.31% stake in Airtel Africa from promoter entity ICIL, consolidating its hold on the listed African subsidiary without spending a single rupee in cash.