Top telecom shares to buy: Bharti Airtel, Vodafone Idea, Indus Towers by Ambit Capital with new stock target price

Ambit Capital expects telecom stocks to benefit from tariff hikes, rising data use and digital infrastructure growth. It named Bharti Airtel its top pick and maintained BUY ratings on Airtel, Indus Towers, Vodafone Idea and Bharti Hexacom, while flagging execution and regulatory risks.