Bharti Hexacom Downgrade: Risks & Growth Outlook

  Published 1 year ago

A brokerage downgraded Bharti Hexacom due to high valuation and limited geographic reach, despite strong financials and projected growth in ARPU & dividends. Government stake & potential mergers pose risks.

  • High 40% valuation premium vs Bharti Airtel.
  • Debt-free by FY27, dividends to rise sharply.
  • Geographic limits & government stake are concerns.

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