Jefferies raises Bharti Hexacom target to INR2,020; retains Buy

Published 14/05/2025, 08:10
Jefferies raises Bharti Hexacom target to INR2,020; retains Buy

On Wednesday, Jefferies, a global investment banking firm, adjusted its price target for Bharti Hexacom (BHARTIHE:IN), increasing it to INR2,020 from the previous INR1,730. The firm also reaffirmed its Buy rating for the company’s stock. This move reflects the analyst’s positive outlook on Bharti Hexacom following its fourth-quarter results, which surpassed expectations.

The company’s quarterly performance was particularly notable for its higher-than-expected Average Revenue Per User (ARPU) and a robust 33% year-over-year EBITDA growth. These factors were emphasized by Jefferies as the main highlights in Bharti Hexacom’s financial report. The analyst pointed out that the strong ARPU growth, coupled with significant subscriber additions, indicates that the market has well received the company’s tariff strategies.

Bharti Hexacom’s outlook appears favorable with expectations of a stable tariff environment. Additionally, the company’s capital expenditure intensity is projected to moderate, which positions it well for future growth. According to Jefferies, these elements set the stage for Bharti Hexacom to achieve Compound Annual Growth Rates (CAGRs) of 25% in EBITDA and 30% in Free Cash Flow to Equity (FCFE) over the forecast period from the fiscal year 2025 to 2028.

The investment firm’s continued endorsement of a Buy rating is based on the belief that Bharti Hexacom’s financial growth and operational progress will support higher valuations in the market. The revised price target of INR2,020 reflects Jefferies’ confidence in the company’s potential for sustained performance and profitability.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.