Motilal Oswal bets on Bharti Hexacom for India growth story, initiates coverage with Rs 1,625 target

Motilal Oswal initiated coverage on Bharti Hexacom with a ‘buy’ rating and Rs 1,625 target, citing strong growth potential in wireless and broadband, market share gains, premiumization strategy, and lower capital misallocation risks compared to Bharti Airtel.