The brokerage said Bharti Hexacom (BHL) offers a way to invest in those parts of Airtel’s businesses that are growing faster, have higher ROCE and better free cash flow conversion.
Indian equity benchmarks ended the week marginally lower amid sustained FII outflows and US-India trade uncertainty, though sentiment improved after a US Fed rate cut.
Foreign investors pulled out Rs 17,955 crore (USD 2 billion) from Indian equities in the first two weeks of this month, taking the total outflow
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