Motilal Oswal reviews Q1 results for Bharti Hexacom, Happy Forgings and Ventive Hospitality

Indian Opinion Analysis

Reiterated Buy ratings and a raised target price for Bharti Hexacom point to the brokerage's confidence in its cash generation, but a target price is one firm's projection, not a guaranteed outcome, and none of the underlying revenue, profit or margin numbers behind these three calls appears here. Ventive Hospitality's split performance, resilient at home while its overseas business weakens, shows why a summary of positive trends still needs segment-level detail to be tested. NDTV Profit states that the report is authored by an external party, that it does not vouch for the accuracy of its contents, and that the section does not constitute investment advice. Each company's next quarterly filing, when it reports the revenue, profit and margin figures behind the brokerage's Q1 review, will show whether the brokerage's confidence holds up.