Morgan Stanley: Bharti Airtel Stock Could Jump 20% to ₹2,435

• Morgan Stanley raised Bharti Airtel's target price by 20% to ₹2,435, maintaining an "Overweight" rating.
• The new target suggests an ~18% potential upside from current levels.
• The brokerage expects continued stability in the Indian telecom sector and mid-single-digit ARPU growth for Airtel.
• Morgan Stanley anticipates double-digit EBITDA growth for Airtel's India business and improved return ratios above 20%.
• A tariff hike is expected in Q1 FY2027, with the market potentially pricing it in sooner.

Why It Matters: Morgan Stanley's bullish outlook on Bharti Airtel signals potential investment gains for readers.