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News Topical, Digital Desk : Shares of telecom sector company Bharti Airtel saw a rise of more than 2%. This stock was seen trading at a new record high of Rs 2,003.80 on BSE. The shares of this telecom company have seen a rise in six out of the last seven sessions. During this period, the stock has seen a jump of more than 8%.
Bharti Airtel shares have risen more than 25% so far this year. It has jumped 37% in the last one year and more than 263% in five years.
Analysts positive on Airtel This rise in shares is being seen after the positive opinion of brokerage firms. Axis Securities said in its weekly technical analysis that the chart of Bharti Airtel shares indicates a strong uptrend. According to them, the stock can go up to Rs 2,115. Jefferies gave four reasons why investors should buy this stock. According to the note, Bharti Airtel is the best way to invest in India's consumer story. The market of this sector is large and the competition is low. Jefferies cited attractive valuation, possibility of income growth and low capital expenditure (capex) as reasons for investment. Jefferies called it the most preferred stock in the telecom sector and has set a target price of Rs 2,370. Yes Securities also advised 'Buy' on the stock and set a target price of Rs 2,030. This brokerage firm says that there is a strong possibility of a rise in Bharti Airtel. He suggested that investors should look at any decline as an opportunity to buy the stock. The target of Rs 2,030 can be achieved in the near future.
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