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Positive ARPU Growth Outlook, Solid Cash Flow Keep Analysts Upbeat

Bharti Airtel Ltd.’s third-quarter earnings received a positive reaction from analysts as growth in average revenue per user and healthy free cash flow generation improved prospects.

Macquarie maintained an ‘Outperform’ rating on Bharti Airtel stock with a target price of Rs 1,710, implying a 44%…

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