Shares of Bharti Hexacom on Friday rallied 6% on BSE to its day’s high of Rs 1,245.70 after the global brokerage firm Citi initiated coverage on the stock with a buy rating and a target price of Rs 1,405. “The company is an attractive midcap telco with a strong growth outlook. It is a pure-play … Read more
Domestic markets exhibited volatility over the past week, ultimately closing marginally lower amid mixed signals. In today’s trade, shares of SBI, Airtel, ONGC, Titan, Infosys, JSW Steel, IDBI Bank among others will be in focus due to various news developments and first quarter results. Airtel, ONGC, Marico Shares of Airtel, ONGC and Marico will be … Read more
BHEL, Eicher Motors, Bharti Airtel and NTPC among a host of other companies are likely to remain in focus next week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible … Read more
Telecom operator Vodafone Idea today found another backer when global broking firm UBS upgraded the stock to buy with a target price of Rs 18, saying that it is expecting relief on government dues as well as a mobile price increase. Following the upgrade, the stock jumped over 5% to Rs 14.82. “We believe the … Read more
Mumbai: Most top brokerages raised or retained share price targets on Bharti Airtel, despite the telecom operator’s profits declining in the March quarter, in anticipation of a tariff hike after the ongoing general elections. The stock gained 2.75% to close at ₹1,345.9, after hitting its 52-week high of ₹1,356.85. Analysts see room for more gains … Read more
The fourth quarter results season is coming to a fag-end, and analysts said despite earnings largely meeting expectations, there is a noticeable moderation in the overall earnings landscape. Some notable companies that will announce their earnings this week include Varun Beverages, Zomato, Airtel, Siemens, Power Finance Corp, Mahindra and Mahindra, HAL, and JSW Steel, among … Read more
Shares of Airtel’s newly listed subsidiary Bharti Hexacom on Tuesday jumped 9% after global brokerage firm Jefferies initiated coverage on the stock with a buy rating and target price of Rs 1,080. Bharti Hexacom shares hit a fresh peak of Rs 876.75 on NSE in the morning session. The brokerage said Bharti Hexacom (BHL) offers … Read more
After a steady response on Day 1, the initial public offering (IPO) of Bharti Hexacom was subscribed 50% so far on the second day of the bidding process. The Rs 4,275 crore issue will close on April 5. The category reserved for retail investors was booked the most at 79%, followed by NIIs at 71% … Read more
US brokerage Jefferies has maintained a buy view on Bharti Airtel and MGL while Cummins India received a ratings upgrade from HSBC. Among other notable brokerage actions, BofA reiterated a buy view on NBFC play Bajaj Finance while CLSA initiated a coverage on Avenue Supermarts. Kotak Securities also upgraded IRB Infrastructure to ‘Add’ from an … Read more
Brokerage firm Jefferies maintained a buy rating on Godrej Properties as well as on Bharti Airtel post Q3 results. CLSA recommended an outperform rating on Britannia Industries and an underperform rating on TTK Prestige. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Godrej Properties: Buy| … Read more
