Airtel a screaming buy but stock price growth depends on your mobile bill

NEW DELHI: Going by brokerage target prices, mutual fund picks, and FII activity, Bharti Airtel NSE 1.46 % stock is undoubtedly a screaming buy on Dalal Street. But can the Nifty stock, which is already trading near 52-week high levels, cross the Rs 1,000 mark? Well, the answer lies in your mobile phone bill.

After Airtel’s average revenue per user (ARPU) rose 3.6% sequentially to Rs 190 in the September quarter, analysts are hoping that tariff hikes will be more regular amid consolidation in the telecom industry.