“The corporate is a sexy midcap telco with a powerful progress outlook. It’s a pure-play regional telecom operator with wholesome B/S,” stated Citi in its observe.
Citi acknowledged that it’s constructive on India’s telecom sector and sees an improved chance of future tariff hikes within the firm, which exhibits indicators of waning aggressive depth.
Moreover, the worldwide brokerage agency’s observe additionally acknowledged that the inventory has outperformed meaningfully following its April 2024 itemizing and that it sees a stronger progress outlook, sturdy stability sheet, and superior return ratios versus the friends for Hexacom.
In the meantime, one other international brokerage agency Macquarie had additionally initiated protection on Bharti Hexacom with an outperform ranking and a goal worth of Rs 1,480.Macquarie has acknowledged that Bharti Hexacom’s progress and return metrics are more likely to tread much like that of Airtel‘s India Cell operations.(Disclaimer: Suggestions, solutions, views, and opinions given by the consultants are their very own. These don’t symbolize the views of The Financial Instances)
