Telecom stocks to buy: Telecom shares have many tailwinds, could gain 9-16%: BofA
BofA Securities raised share price targets on Indian telecom companies as it expects near-term momentum in the sector. The firm has upgraded its rating on Vodafone Idea from ‘Underperform’ to ‘Neutral’, and sees 9-16% upside in shares of Bharti Airtel, Indus Towers, and Reliance Industries. BofA said it expects a tariff hike of 20-25% as … Read more
