Bharti Hexacom’s stock price is in focus as Motilal Oswal Securities Ltd (MOSL) initiates coverage with a ‘buy’ rating, setting a target price of ₹1,625, implying a 22.37% upside from the current market price (CMP) of ₹1,328.00.
Key highlights from the brokerage report:
- Hexacom operates under the Airtel brand in Rajasthan and the North-East, offering pure-play exposure to Airtel’s high-growth businesses.
- Lower tele-density and internet penetration in Hexacom’s circles (compared to pan-India) provides strong growth potential.
- MOSL expects Hexacom to outpace Airtel in subscriber and ARPU (Average Revenue Per User) growth.
- The brokerage prefers Hexacom over Airtel, citing lower capital misallocation concerns.
Disclaimer: The views and investment recommendations in this article are sourced from brokerage reports. Business Upturn does not provide investment advice. Readers should consult financial experts before making any investment decisions.
