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Bharti Airtel shares in focus as NBFC Airtel Money commences commercial operations after RBI nod
Bharti Airtel shares will be in focus after its NBFC arm, Airtel Money, commenced commercial operations following RBI approval. The development comes as Nomura reaffirmed its bullish stance on the telecom major, raising its target price to Rs 2,355 per share. Despite a 34% drop in Q4 profit, Airtel reported strong revenue growth and margin expansion across its India and Africa businesses.
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10 reasons why Nomura stays bullish on Bharti Airtel, sees 28% upside
Nomura has named Bharti Airtel its top telecom pick, raising its target price to Rs 2,355 and calling it an 'ARPU compounder'. The brokerage highlighted the company's strong free…
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Bharti Airtel's NBFC arm begins commercial operation
Bharti Airtel's non-banking financial arm, Airtel Money, has officially begun its commercial operations after securing a license from the Reserve Bank of India. The company,…
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Bharti Airtel shares in focus as NBFC Airtel Money commences commercial operations after RBI nod
Bharti Airtel shares will be in focus after its NBFC arm, Airtel Money, commenced commercial operations following RBI approval. The development comes as Nomura reaffirmed its…