JM Financial projects significant growth for Bharti Hexacom Ltd (BHL) with a buy recommendation, aiming for a target of Rs 790. BHL s strong presence in high growth markets and focus on wireless ARPU growth make it a promising investment.
Bharti Hexacom shares listed at a 32.5% premium on BSE and NSE, after attracting strong interest from non-institutional investors. The IPO was solely an offer for sale by TCIL, with the company operating in Rajasthan and the North East telecommunication circles.