While Reliance Jio Infocomm Ltd has been making all the moves in the marketplace to grab customers with its cut-price offers, investors have stayed buoyant about its main rival and telecom market leader, Bharti Airtel Ltd.
Bharti Airtel’s share price has gained 38% year-to-date, outperforming the BSE Sensex’s 16% gain with a promise of even better times to come.
Stock analysts have stayed bullish on the firm and despite this outperformance, analysts see a further 16% gain over a 12-month period, which indicates an upswing in its earnings on expectations that Reliance Jio will have to slowly raise its pricing and end promotions by the end of this fiscal.
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