Shares of Bharti Hexacom surged 6% on Friday to a high of Rs 1,245.70 on BSE after Citi initiated coverage with a buy rating and a target price of Rs 1,405. Citi highlighted the company as an attractive midcap telco with strong growth potential, a healthy balance sheet, and positive prospects for tariff hikes amid reduced competitive intensity.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South