Bharti Airtel

Reliance Jio Platforms IPO could reshape mutual fund exposure to India’s telecom sector. While some schemes have significant allocations to Bharti Airtel and Vodafone Idea, the impact will depend on valuations and fund managers' investment strategies. Here's what you need to know.

Nifty 50 outlook: Ganesh Dongre of Anand Rathi believes 22,000–21,700 remains a crucial support zone for the key benchmark index

Jio Platforms IPO: At a reported valuation of around ₹11 lakh crore, Jio Platforms would be valued slightly above Airtel’s market capitalisation of approximately ₹10.87 lakh crore.

Airtel Money debuted on the London Stock Exchange in its largest IPO in five years, raising about £529 million and valuing the company at £5.3 billion. The African fintech business serves 53 million monthly users across 13 countries and reported $1.35 billion in FY26 revenue.

According to the company, integrating Apple's services transforms the plan into a comprehensive digital lifestyle package that delivers even more value to families.

The operators have also opposed proposed quality of service measures, saying they are technically impractical and could create significant operational burdens.

Bharti Airtel is projected to reach a target price of ₹2,530 by Axis Securities, indicating a 40% potential upside. The company's growth is bolstered by subscriber increases, ARPU improvements, and strategic investments in infrastructure and AI technologies.

The telco is evaluating fixed wireless access (FWA) home broadband. India’s average revenue per user remains the lowest globally and tariff rationalisation is needed, said Birla.