Bharti Hexacom shares rally 6% after Citi initiates coverage predicting a 20% upside

Shares of Bharti Hexacom surged 6% on Friday to a high of Rs 1,245.70 on BSE after Citi initiated coverage with a buy rating and a target price of Rs 1,405. Citi highlighted the company as an attractive midcap telco with strong growth potential, a healthy balance sheet, and positive prospects for tariff hikes amid reduced competitive intensity.