Bharti Airtel Share: Bharti Airtel shares are rising! These 6 reasons indicate that the stock will outperform in the next 12 months.:Shares of telecom giant Bharti Airtel have seen another surge. The stock started strong, jumping from ₹1,848 to over ₹1,900. This surge has been driven by a new Citi report that has further bolstered investor confidence.

News Topical, Digital Desk : Bharti Airtel shares opened at ₹1,848 on Wednesday, up from a previous close of ₹1,843.80. Subsequent buying was so strong that the stock surged to ₹1,900.40. This rally isn't just a market movement, but also reflects the impact of a major brokerage report.

1. Delay in tariff hike:
Earlier it was expected that tariff hike would happen in June, but now it has been postponed till the end of the year i.e. December quarter.

2. Slight cut in earnings estimates
The company's operating income (EBITDA) estimates for the financial year 2027 have been reduced by 2% due to delay in tariff. But this has already been included in the share price.

3. Customers are increasing rapidly Airtel's subscriber base continues to remain strong, which is a major basis for the company's growth.

4. Debt reduction plan The company's debt will be reduced by rights issue and raising equity in data center, which will strengthen the balance sheet.

5. Dividend expected According to the report, a dividend of around Rs 17 per share can be given along with the fourth quarter results.

6. Concerns about promoter sale are low.
Currently, there appears to be no rush to sell promoter stake, which is a positive sign for investors.

Why the decline:
The stock fell in February after news of the company's entry into the NBFC (non-banking finance company) sector. However, Citi believes this decline was excessive.

What is the target price?
Citi has a "buy" rating on the stock, reducing the target price from ₹2,380 to ₹2,180. Despite this, there remains significant upside potential from current levels.
A simple trend line shows how the stock is gradually moving upwards from the ₹1,848 level. This means the trend remains positive.

Simply put, Airtel's stock is currently at a discount. The company's fundamentals are strong, with subscriber growth and debt reduction. Consequently, this stock could be a good opportunity for long-term investors.