Overweight on Bharti Airtel, target price Rs 1,880: Axis Securities

Axis Securities recommends Bharti Airtel with a target price of Rs 1,880. Bharti Airtel's current price is Rs 1587.5. The firm reported significant revenue and profit growth. Management plans stable capital expenditure and cost-saving initiatives despite ongoing 5G rollout. Airtel's margins, subscriber growth, and 4G conversions are driving the positive outlook.