Citi initiates coverage on this midcap telco with buy rating; stock jumps 5%
Citi initiates coverage on this midcap telco with buy rating; stock jumps 5%
Bharti Hexacom shares in Friday's session scaled as much as 5% at day's high to Rs 1,233.5 after yielding multi-bagger returns to its investors. The global brokerage Citi has initiated buy on the stock for a target of Rs 1,405, implying gains of close to 20 per cent from the last close.
At the last count, shares of the telecom services company traded higher by 4.8 per cent higher at Rs 1,230 per share on the BSE.
Hexacom's share price performance
The stock since its listing has given 106% return since its listing on April 12 as against the IPO issue price of Rs 570.
About the company
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