We continue to maintain BUY on Airtel with a revised TP of | 550/share, given its relative superior standing and comfortable balance sheet position. For VIL, we continue to believe this price hike is just part of relief and further respite in AGR payout (waiver or payment terms) as well as fund infusion will be key. We now assign a BUY rating on VIL (vs. UNDER REVIEW, earlier) with a TP of | 9/share. Our rating is in the belief that the government's intent and comment on industry implies more measures will be seen, thereby keeping VIL afloat. We also raise our target multiple for Bharti Infratel to 7x...