Hathway gains; CLSA starts with 'buy' rating

Reuters Market Eye - Shares in Hathway Cable and Datacom Ltd surge 6.3 percent to 242.20 rupees after broker CLSA started coverage on the stock with a "buy" rating and a target price of 302 rupees.

CLSA says Hathway, as India's largest digital cable provider, will benefit from increased digitisation, as well as higher rising broadband penetration and higher internet average revenue per user (ARPU).

(Reporting by Abhishek Vishnoi)