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Why BofAML upgraded Bharti Airtel despite intense competition, consolidation in telecom sector

Updated : July 30, 2019 12:24 PM IST

Bank of America Merrill Lynch (BofAML) upgraded Bharti Airtel's rating to 'buy' from 'neutral'.
It also raised the stock's target price to Rs 400 per share from Rs 360 earlier.
Bharti Airtel rose nearly 4 percent in intra-day deals on Tuesday post the upgrade.
Why BofAML upgraded Bharti Airtel despite intense competition, consolidation in telecom sector
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