Multibagger Stock: Bharti Hexacom Soars 136% Since Listing – Motilal Oswal Sees More Upside!

Bharti Hexacom has delivered massive 136% gains since its April 2024 debut, and Motilal Oswal remains bullish on its future potential. The brokerage firm cites growth in under-penetrated markets and strong ARPU (Average Revenue Per User) as key drivers, setting a target price of ₹1,625—indicating a 21% upside from its March 7 closing price of ₹1,343.05.

📈 Why Motilal Oswal is Bullish on Bharti Hexacom

✅ A Leading Wireless Growth Play – The company provides direct exposure to Airtel’s wireless and home broadband businesses, both of which are poised for strong expansion.
✅ Under-Penetrated Markets = Big Opportunity – Bharti Hexacom operates in Rajasthan and the North East, regions with lower teledensity and internet penetration compared to national levels. This means higher growth potential in subscribers and ARPU.
✅ Fixed Broadband Expansion – The company’s wired broadband business is expected to grow significantly, driven by increased Fixed Wireless Access (FWA) adoption.
✅ Strong Market Presence – Bharti Hexacom’s circles contribute to 6% of India’s GDP and 7% of its population, yet mobile penetration remains below the national average, offering a longer runway for growth.

🏆 Should You Buy?
Motilal Oswal believes Bharti Hexacom is a strong bet on India’s wireless growth story, making it a high-potential investment opportunity in the telecom sector.