Bharti Hexacom slides 3% after Motilal Oswal downgrades to ‘Neutral’: 4 reasons why

The share price of Bharti Hexacom is down 3% after Motilal Oswal downgraded the stock to Neutral. The target price is set at Rs 1,900 per share. This is around the 52-week high of the share. This, as a result indicates very little downside for the stock in the near-term. According to the brokerage house, the 40% premium to its parent company, Bharti is steep and the “risk-reward is no longer attractive.”