Morgan Stanley Ups Bharti Airtel Target 20% on Q1 FY27 Tariff Hike Expectation

• Morgan Stanley raised Bharti Airtel's price target by 20% to ₹2,435, maintaining an 'Overweight' rating.
• The revised target suggests an 18% potential upside from current stock levels.
• The brokerage anticipates a tariff hike in Q1 FY27, which the stock is expected to factor in soon.
• Morgan Stanley projects mid-single-digit ARPU growth and double-digit EBITDA growth for Bharti Airtel's India business.
• Improved return ratios (above 20%) and continued industry repair are also expected.

Why It Matters: It signals potential growth for Bharti Airtel investors due to expected tariff hikes.