UBS maintains neutral rating on Bharti Airtel, raises target price to Rs 1,705

UBS maintains a "neutral" stance on Bharti Airtel, raising the target price to Rs 1,705, implying a 6% upside. Despite recent tariff hikes, UBS sees limited growth potential due to high valuations. Airtel's robust financials show strong growth in India and Africa, but concerns persist about further rate hikes affecting future prospects.