BHARTI HEXACOM

More in BHARTI HEXACOM

• Indus to buy towers from Airtel, Hexacom for Rs 3,308.7 crore

  As part of the transaction, Bharti Airtel will sell 12,700 towers while Bharti Hexacom will sell 3,400 towers.

  

• CLSA names Bharti Airtel as top pick in Indian telecom sector, bullish on 5 other stocks

  Meanwhile, the brokerage issued ‘outperform’ ratings for Indus Towers and Tata Communications. Other notable recommendations include a ‘hold’ on Bharti Hexacom and Sterlite Technologies, and an ‘underperform’ on Vodafone Idea, reflecting its ongoing challenges.

  

• TCIL may offload 5-10% stake in Bharti Hexacom

  He added that discussions will start soon to finalise the timing, the stake sale quantum and the minimum price (floor price) in keeping with Sebi rules. Both the Department of Telecommunications (DoT) and the finance ministry will be involved in the exercise.

  

• Tata Teleservices among other telecom stocks rally up to 19% on bank guarantee waiver

  Indus Towers gained 5.5% while Bharti Hexacom shares increased by 4.5%. Tata Teleservices and Bharti Airtel advanced 1.8% and 1.6%, respectively.

  

• TCIL may offload 15% stake in Bharti Hexacom in two chunks

  In April this year, the public sector firm sold 15% equity of the total 30% it had in Sunil Mittal-driven Bharti's unit Bharti Hexacom that fetched Rs 4,275-crore to the state exchequer at Rs 570 per share.

  

• Bharti Hexacom shares jump 13%, hit fresh records after Citi initiates buy, Jefferies hikes targets

  Reliance Jio Infocomm's rising focus on growth and Vodafone Ideas's market share losses may need multiple tariff hikes over the next few years, the brokerage noted.

  

• Bharti Hexacom shares rally 6% after Citi initiates coverage predicting a 20% upside

  Additionally, the global brokerage firm’s note also stated that the stock has outperformed meaningfully following its April 2024 listing and that it sees a stronger growth outlook, robust balance sheet, and superior return ratios versus the peers for Hexacom.

  

• Bharti Hexacom Q1FY25 net profit up 102% on-yr, helped by exceptional gain

  Bharti Hexacom, which went public earlier this year, operates mobile services in Rajasthan and Northeast circles. Parent Bharti Airtel retains a 70% stake in Bharti Hexacom, post its IPO.

  

• Bharti Hexacom shares surge over 9% after JPMorgan initiates Overweight rating, predicts 20% upside

  Bharti Hexacom listed on the exchanges on April 12, 2024, at a premium of 32.45%. The stock debuted at Rs 755 on the exchanges as compared to the offer price of Rs 570.

  

• ITI Limited gets Rs 71.4-crore work order from DoT for assessing telco sites under USOF

  The total number of sites/villages to be verified by ITI is around 34,415. However, the Administrator of the USOF may increase or decrease this figure, as per the work order.

  

• TCIL standalone profit after tax surges by 106% in FY24

  While the state-run telecom engineering services firm’s project expenses shot up to Rs 222,890.95 lakh in FY24 as against Rs 165,157.43 lakh in FY23, its employee benefit expenses, as well as, administration and other expenses declined.