Nuvama Institutional Equities has turned positive on the telecom sector, predicting that a combination of tariff hikes and government support will boost operators’ financials and returns profiles. The brokerage believes Bharti Airtel is the best way to play this trend and has raised its target price. Nuvama has also upgraded Vodafone Idea’s rating to ‘Hold’ and raised its target price, but sees the company’s journey to becoming an investible idea as still some distance away.