Shares of Bharti Hexacom surged by 5.03% to ₹1,356 in early trading today following Jefferies’ decision to upgrade the stock to a “Buy” rating and increase its target price to ₹1,600. The stock saw a sharp upward movement after Jefferies cited Jio’s growing focus on market expansion and Vodafone Idea’s (VIL) market share losses as potential drivers for future tariff hikes, which could benefit Bharti Hexacom.
Jefferies also raised its revenue and EBITDA estimates for FY26 and FY27 by 5-12%, further boosting investor sentiment.
TOPICS:
Bharti Hexacom