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Bharti Hexacom shares gain after CLSA upgrade; Bharti Airtel top pickCLSA upgraded Bharti Hexacom to ‘hold’ from ‘underperform’, with a target price of ₹1,510. CLSA prefers Bharti Airtel for its stronger growth prospects.By Gareema Bangad  March 19, 2026, 11:25:50 AM IST (Published)1 Min ReadShares of Bharti Hexacom Ltd are trading higher on Thursday, March 19, after brokerage firm CLSA upgraded the stock to ‘hold’ from its earlier rating of ‘underperform’. However, the brokerage continues to prefer Bharti Airtel over Bharti Hexacom.

CLSA has a price target of ₹1,510 per share, suggesting a downside of nearly 7%, compared to the stock's current trading price.

In its note, CLSA said it prefers Bharti Airtel, given stronger growth prospects than Bharti Hexacom.

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The brokerage highlighted that Bharti Hexacom operates in only two markets and has a high dependence on mobile services, which limits its growth visibility compared to Airtel.

CLSA also noted that the company’s growth lagged Bharti Airtel in Q3FY26, adding to its cautious stance.

Further, the brokerage said the stock is trading at a premium valuation, which limits upside potential despite the upgrade.

Bloomberg data shows sentiment remains largely positive, with eight of 13 analysts rating the stock ‘buy’, while three recommend ‘hold’, and two with a ‘sell’ rating.

The stock is currently trading 1.45% up at ₹1,616.70 as of 10.47 am on Thursday, and it has delivered 21.55% returns in the last year.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Tagsbharti hexacomCLSAshare market today