Bharti Hexacom shares jump 13%, hit fresh records after Citi initiates buy, Jefferies hikes targets

Bharti Hexacom surged 13% on the NSE on Friday to hit a fresh 52-week high of Rs 1,453.95 after US brokerage Jefferies upgraded the stock’s rating to ‘Buy’ from an earlier ‘Hold’ view while raising its price target to Rs 1,600 from Rs 1,260. Meanwhile, Citi also initiated a buy on the counter with a price target of Rs 1,405.