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

Domestic brokerage firm Motilal Oswal has initiated coverage on Bharti Hexacom with a ‘buy’ rating and a target price of Rs 1,625 believing that it provides pure-play exposure to the two high-growth businesses of Airtel – India wireless and Home broadband.