India's Bharti Hexacom up on March-quarter profit climb

Bharti Hexacom

15/05/2024 06:01

** Shares of Bharti Hexacom  BHAX.NS  rose as much as 5.9%;
last up 0.8% to 906.6 rupees
    ** Telecom operator's March-quarter profit rose 10.4% YoY
    ** Jefferies, which initiated on BHAX stock with "buy" a
month ago, maintained the rating and increased PT to 1,200
rupees from 1,080 rupees after results
    ** BHAX debuted on April 12; it is up 59% from IPO price of
570 rupees
    ** Parent Bharti Airtel  BRTI.NS  shares flat after it
posted Q4 rev miss on Wednesday

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))