Moody's

CLSA maintains ‘Outperform’ rating on Bharti Airtel with a 12-month target price of Rs 2,310, implying a 26.6% upside. Airtel Money IPO is scheduled for the second half of 2026, expected to raise $1.5-2 billion with a potential valuation of $10 billion. Airtel Money business has shown robust financial growth and profitability, contributing 20% to the region and 25% to Bharti Airtel.