Global brokerage house Goldman Sachs has reiterated its Buy rating on Bhartiartl and added it to the conviction list as the risk-reward appears attractive.
The stock rallied nearly 5 percent intraday Wednesday after the report.
"We see 35 percent potential upside in our base case against 9 percent downside in bear case," it said.
According
to the firm, the top telecom operator is likely to maintain its leading
market share in competitive but consolidating market.
The research firm said Bharti's other businesses
continued to deliver robust profit growth. "We forecast 6 percent
revenue growth, which will lead to 13/76 percent EBITDA/EPS CAGR for
FY18-21."
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