Hot Stocks: Brokerage view on Bharti Hexacom, Vodafone Idea, Apollo Tyres, HDFC Life and Varun Beverages

JPMorgan has initiated coverage on Bharti Hexacom with an 'Overweight' rating and a target price of Rs 1,280. The brokerage believes the company is the best in the Indian market for repair pure-play, predicting a 20% CAGR driven by tariff repairs, with returns stronger than peers, boosted by ARPU and subscriber growth tailwinds.