The highly anticipated initial public offering of Bharti Hexacom Ltd has finally made its debut, with the share price soaring by more than 30% on both the BSE and NSE. This marks the first public issue of the financial year 2024-25 and a successful return for the Bharti group in the IPO market. With a strong opening, it remains to be seen how this new addition to the stock market performs in the long term as per renowned market analyst Anil Singhvi.
Bharti Hexacom, a subsidiary of Bharti Airtel, debuted on the stock market with a 32.49% increase in share prices on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). This comes after the company's successful IPO which was oversubscribed almost 30 times. With the telecom sector showing positive growth, experts suggest holding on to shares for long-term investors with a stop loss at Rs 640. This is the first IPO for the company in the current fiscal year, with the previous IPO for the Bharti group being Bharti Infratel in 2012.