As many as 132 BSE500 stocks hit their respective 52-week highs in May, spanning across sectors, riding on the positive momentum in markets. Some of the marquee names in the list include IndusInd Bank, Indian Oil Corp, Persistent Systems, Bharti Airtel, Hindustan Aeronautics Ltd, ITC, Kotak Mahindra Bank, IndiGo, Titan, Ultratech, DLF, Varun Beverages, Delta … Read more
New Delhi: BNP Paribas Arbitrage on Friday offloaded shares of Bharti Airtel for Rs 105 crore through an open market transaction. According to the block deal data available with the BSE, BNP Paribas Arbitrage offloaded 13,82,462 shares of the firm. The shares were sold at an average price of Rs 762.55 per piece, taking the … Read more
Traditionally, the September quarter is a seasonally weak one for the telecom industry. But, the last quarter of the current financial year has not conformed to the trend, proving to be favourable for most of the companies. Higher number of days in the last quarter, lower spectrum usage charges, tariff hikes, and lower fuel costs … Read more
, part of the telecom space, which touched a fresh record high of Rs 815 on Monday, could well surpass Rs 1,000 level in the next 2-3 quarters, based on chart patterns. The S&P BSE Sensex stock rallied more than 27 per cent from its 52-week low of Rs 629 recorded on July 14, 2022. … Read more
Bharti Airtel, part of the telecom space, bounced back after retesting its crucial support, placed near Rs 640 levels for the fourth time so far in 2022. Short-term traders can look to capture the trend and buy now for a target of Rs 770, closer to its 52-week high of Rs 781 recorded on 24 … Read more
Amit Trivedi, YES SECURITIES Following Tuesday’s swift throwback, today Nifty opened on a positive note. However, throughout the session, the index traded within the band of 150 points, which is its lowest daily range since 9th Feb. Follow-up action near 17,000 needs to be closely watched out as the downward gap at 17028, which Nifty … Read more
NEW DELHI: Bharti Airtel is likely to report a 53.5 per cent sequential drop in its consolidated profit at Rs 928 crore for the December quarter, an ET NOW poll of analysts suggested. The fall in profit would be seen as the numbers in the September quarter were aided by proceedings of sale of spectrum … Read more
MUMBAI: The template is this, Reliance Jio announces or launches something bold and daring, and investors of and Vodafone Idea run for cover. The announcement of the launch of the JioPhone Next with its attractive price point was one such. However, unlike the past when such an announcement would freak out the investors of the … Read more
NEW DELHI: Notwithstanding Dalal Street’s muted reaction to ’s March quarter numbers, analysts said the telecom operator’s numbers were largely in line, and that they liked the steady Ebitda sans any tariff hike, besides addition of quality 4G subscribers, superior network capacity and the growth in home business. While earnings estimates for the telecom operator … Read more
The country’s second largest telco, Bharti Airtel, on Thursday bought an additional 4.9 per cent stake in its tower arm Bharti Infratel via open market block deals, paying anywhere between Rs 3,150-3,300 crore, sources said. In post noon trade, Bharti Infratel stock price was up 2.2 per cent to touch Rs 220.60 on the BSE … Read more