Jefferies has initiated coverage on 13 Indian stocks in 2024, expanding its total coverage to 188 stocks with a combined market cap of $3.4 trillion, representing 70 percent of India s listed market. Most of these newly covered stocks have significantly outperformed the benchmark index.
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.
What Big 10 fund houses bought and sold in April 2024 indiainfoline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiainfoline.com Daily Mail and Mail on Sunday newspapers.
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