₹ 1,400, indicating a potential upside of 22%. Bharti Airtel has the leading ARPU in the industry. The management expects ARPU to improve from the current level of ₹203 (Reliance’s current ARPU is ₹181). This improvement can be attributed to a richer customer mix. In addition, aided by strong customer conversion from 2G to 4G/5G and other services, it continues its ARPU trajectory and expects to reach ₹300 ahead, said Axis. The company’s business fundamentals remain strong and continue to improve. Axis’ rating on the stock is maintained due to the company’s superior margins, impressive subscriber growth and increased 4G conversions. (REUTERS)” title = “Bharti Airtel: It has a ‘buy’ call on the telecom major with a target price of ₹1,400, indicating a potential improvement of 22%. Bharti Airtel has the leading ARPU in the industry. The management expects ARPU to improve from the current level of ₹203 (Reliance’s current ARPU is ₹181). This improvement can be attributed to a richer customer mix. In addition, aided by strong customer conversion from 2G to 4G/5G and other services, it continues its ARPU trajectory and expects to reach ₹300 ahead, said Axis. The company’s business fundamentals remain strong and continue to improve. Axis’ rating on the stock is maintained due to the company’s superior margins, impressive subscriber growth and increased 4G conversions. (REUTERS)”>