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
Brokerage firm Macquarie maintained an outperform rating on LIC Housing, UBS downgraded Syngene to sell, UBS initiated a buy on Paytm and Axis Capital initiated coverage on Bharti Airtel with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on LIC Housing: Outperform| Target … Read more
