ICICI Securities has revised its outlook on the cement sector from neutral to positive, citing improved fundamentals. The upgrade is attributed to reduced competitive pressures due to recent M&A activity,

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Bharti Airtel stock hit an intraday high of Rs 1648.70 in the current session. Later, it closed 4.30% higher at Rs 1627.45 on BSE.

Bharti Airtel shares surged 7% after ICICI Securities upgraded the stock to 'Buy' with a target price of Rs 1,875. The brokerage cited a remarkable recovery in key parameters and expects this trend to continue.

Bharti Airtel's shares delivered positive monthly returns consecutively from March to September before declining 6 percent in October.