Morgan Stanley Boosts Bharti Airtel Target, Predicts Q1FY27 Tariff Hike; Shares Up

• Bharti Airtel shares rose nearly 2% after Morgan Stanley increased its target price and maintained an 'Overweight' rating.
• Morgan Stanley raised its target price for Bharti Airtel to Rs 2,435 from Rs 2,035, implying an 18% upside.
• The brokerage expects a tariff hike by Bharti Airtel in Q1 FY27, which could drive future stock performance.
• Morgan Stanley forecasts mid-single digit ARPU growth and double-digit India EBITDA growth for Airtel, with return ratios improving over 20%.

Why It Matters: Investors should note potential gains from expected tariff hikes.