Buy, Sell or Hold: Elara Capital initiates buy on Bharti Airtel; Goldman Sachs has buy rating on Indigo

Brokerages remained positive on select telecom, aviation and banking largecaps despite near-term macro uncertainties. Elara Capital initiated coverage on Bharti Airtel, Bharti Hexacom and Indus Towers, citing rising data consumption, improving ARPU and stronger cash flows. Goldman Sachs retained a bullish view on InterGlobe Aviation, expecting resilient yields and international expansion to support earnings, while JM Financial maintained a Buy on SBI, backed by its retail franchise and stable medium-term return profile.

Raccontata daeconomictimes.indiatimes.com