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rti Hexacom share price soars 136% in 11 months. Motilal Oswal stays bullish on stock; here’s why

Even though Bharti Hexacom share price has seen a solid gains of over 100 per cent since its listing in April 2024, brokerage firm Motilal Oswal Financial Services remains bullish about the stock due to the company's health growth prospects. Bharti Hexacom stock debuted on Indian bourses on April 12, 2024. As of March 7, close to ₹1,343.05, the multibagger stock has jumped 136 per cent against its issue price of ₹570 per equity share. Bharti Hexacom is the licensed operator of wireless and fixed-line services under the Airtel brand in Rajasthan and the North East. Motilal Oswal has initiated coverage on the stock with a buy call, pegging the target price of ₹1,625. This implies a 21 per cent upside potential from the stock's March 7 close of ₹1,343.05 on the NSE.