Bharti Hexacom Shares: ICICI Securities stated that Bharti Airtel continues to be its preferred pick, offering good consolidated cash EBITDA growth of 15.3% over FY24–27E and 6.3% FCF (after lease and finance cost) yield at FY27E. BHL’s EBITDA growth is higher at a CAGR of 21.9% over FY24–27E, but it has a relatively lower FCF (post lease and finance cost) yield of 4.3% at FY27E.