{"id":833872,"date":"2024-07-18T10:22:29","date_gmt":"2024-07-18T04:52:29","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=833872"},"modified":"2024-07-18T10:22:29","modified_gmt":"2024-07-18T04:52:29","slug":"bharti-hexacom-shares-surge-over-9-after-jpmorgan-initiates-overweight-rating-predicts-20-upside","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/18\/bharti-hexacom-shares-surge-over-9-after-jpmorgan-initiates-overweight-rating-predicts-20-upside\/","title":{"rendered":"Bharti Hexacom shares surge over 9% after JPMorgan initiates Overweight rating, predicts 20% upside"},"content":{"rendered":"<p>Shares of Bharti Hexacom surged over 9% to a day&#8217;s high of Rs 1,165 in Tuesday&#8217;s trade on BSE after the global brokerage firm JPMorgan initiated an &#8216;Overweight&#8217; rating on the stock with a target price of Rs 1,280, indicating an upside potential of 20% from the previous day&#8217;s closing price of Rs 1,065 apiece.<\/p>\n<p>The global brokerage believes the company is the best India market repair pure-play. They expect tariff repair to drive a 20% compound annual growth rate (CAGR) and higher underlying returns, while stronger than peer average revenue per user (ARPU) and subscriber growth provide tailwinds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Bharti Hexacom surged over 9% to a day&#8217;s high of Rs 1,165 in Tuesday&#8217;s trade on BSE after the global brokerage firm JPMorgan initiated an &#8216;Overweight&#8217; rating on the stock with a target price of Rs 1,280, indicating an upside potential of 20% from the previous day&#8217;s closing price of Rs 1,065 apiece. The global brokerage believes the company is the best India market repair pure-play. They expect tariff repair to drive a 20% compound annual growth rate (CAGR) and higher underlying returns, while stronger than peer average revenue per user (ARPU) and subscriber growth provide tailwinds.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-833872","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/833872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=833872"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/833872\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=833872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=833872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=833872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}