What’s a Fair & Lovely defensive play- Do you ring in to Bharti Airtel or stay with HUL- Find out Jefferies’ recommendations

In a recent analysis, Jefferies delved into the market dynamics of two giants – Hindustan Unilever Limited  and Bharti Airtel. The report highlights a shift in fortunes and preferences, providing an insightful perspective for investors.

Comparing the two companies, Jefferies notes that while HUL and Bharti Airtel currently share similar market capitalization, their journeys over the past decade have been markedly different. 

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Bharti Airtel faced challenges such as adverse regulatory environments and rising competition until 2019, whereas HUL experienced margin-led earnings growth that propelled its market capitalization to three times that of Bharti Airtel at one point.

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