Why is Airtel not moving an inch despite being a screaming buy? - Business News: Latest News & Videos about market and economy | Trendmergers

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Why is Airtel not moving an inch despite being a screaming buy?

As Covid-related lockdown, virtual classes, work-from-home culture and an increase in usage of OTT platforms and online games boosted data consumption last year, analysts began to raise their bets on the stock. By June 2020, analysts’ average target price for the stock had hit Rs 645, data from Trendlyne shows. The average estimate has since been hiked to around Rs 700, signifying a potential upside of about 30 per cent from the current price in the next 12 months.

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