Hot Stocks: Brokerage view on Bharti Hexacom, Vodafone Idea, Apollo Tyres, HDFC Life and Varun Beverages

July 16, 2024

JPMorgan has initiated coverage on Bharti Hexacom with an ‘Overweight’ rating and a target price of Rs 1,280. The brokerage believes the company is the best in the Indian market for repair pure-play, predicting a 20% CAGR driven by tariff repairs, with returns stronger than peers, boosted by ARPU and subscriber growth tailwinds.

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