Airtel stock price can more than double in 5 yrs: Elara

Mumbai: Elara Securities said Bharti Airtel’s “big moment of hurrah” has begun after a decade of consolidation. The company has successfully weathered the Jio storm, beefed up its balance sheet and is looking to lead, the brokerage said in a note. Elara, which has set a five-year price target of Rs 800 on the stock, said the catalysts are in place to alter the fortunes of the company.

Are the challenging days for Bharti over?

Elara said the company has steadily countered the the new operator, Jio, and survived the storm. To counter Jio, it consolidated spectrum and ring-fenced its leadership in circles, the brokerage said.