Reliance Jio has submitted that spectrum assignment between space-based and terrestrial networks must maximise public good and serve the greatest number of people.
Nifty is hovering around the 18,550 mark amid volatility on expiry day. Broader markets is where all the action is given the outperformance by Mid and small-cap indices. Apollo Hospitals, Divi's Lab, Bajaj Auto, Hero Moto, and HUL are among the top gainers, while Coal India, Kotak Bank, Bharti Airtel, Britannia, and Maruti are under selling pressure today. India's Q4 GDP expanded by 6.1%, and FY23 GDP grew by 7.2% YoY, beating govt projection of 7%. The manufacturing sector showed strength, with the May manufacturing PMI reaching a 31-month high at 58.7. May auto sales figures are trickling in with Bajaj Auto reporting 29% rise in sales, while Escorts Kubota saw an 8.9% sales increase on a YoY basis. Coal India under selling pressure as the government initiates an offer for sale (OFS) to divest up to 3% stake. K Krithivasan takes charge as CEO of TCS from today. Catch this mid-day market mood check between Nandita Khemka & Yatin Mota to know more about all the buzzing stocks in today’s session!
Brokerage firm CLSA expects Bharti Airtel's shares to cross Rs 1,000 over the next 12 months.
The 18,050-18,000 level was safeguarded firmly, showcasing the importance of pivotal support and is expected to act as a sheet anchor in the comparable period. On the higher end, 18,400-18,450 is likely to act as the sturdy wall and a decisive breach would only trigger fresh longs in the system in future
Motilal Oswal is bullish on Bharti Airtel recommended buy rating on the stock with a target price of Rs 950 in its research report dated May 17, 2023.
Sharekhan is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 1010 in its research report dated May 17, 2023.
Vodafone Idea is behind in network investments and is ceding market share to competition
The Sensex was down 371.83 points or 0.60% at 61,560.64, and the Nifty was down 104.70 points or 0.57% at 18,181.80. About 1,651 shares advanced, 1734 shares declined, and 132 shares unchanged.
A larger share of high-value customers, coupled with tariff hikes, helped the company post robust growth in revenues and operating margins
In this episode of Market Minutes, Shailaja Mohapatra talks about Dow Jones below 50-day moving average, and Q4 results of Bharti Airtel, Metropolis Healthcare, Max Healthcare, Oberoi Realty. (With inputs from Sucheta Anchaliya). Also, catch Gaurav Bissa of Incred Equities in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.
Consolidated EBITDA was at Rs 18,807 crore during the quarter, up 18 percent on-year and 1 percent on-quarter.
Total revenue came in at Rs 36,009 crore, up 14 percent from Rs 31,500 crore reported in the corresponding quarter last year.
An increase in average revenue per user may be offset by a drop in subscribers after minimum recharge plans were increased.
Also, fall in index majors Reliance Industries, Tata Consultancy Services, Infosys and Larsen & Toubro added to the weak trend in equities. The 30-share BSE Sensex declined 161.41 points or 0.26 per cent to settle at 61,193.30. During the day, it tumbled 330.27 points or 0.53 per cent to 61,024.44.
Indian telecom companies are expected to witness a lackluster Q4FY23 because of sluggish revenue growth and increased expenses related to the 5G rollout. While Bharti and Airtel are expected to have stable subscriber growth, VI is predicted to continue losing market share.
ICICI Securities is bullish on Bharti Airtel recommended buy rating on the stock with a target price of Rs 960 in its research report dated April 16, 2023.
Motilal Oswal is bullish on Bharti Airtel recommended buy rating on the stock with a target price of Rs 950 in its research report dated April 13, 2023.
On March 28, about 1010 shares advanced, 2448 shares declined, and 97 shares were unchanged. Take a look at the top gainers and losers.
The new family plans uploaded on the company website are in the range of Rs 599 to Rs 1,499 per month, while Black family plans, that bundles DTH and fixed broadband service, are in the range of Rs 799 to Rs 2,299 per month.
With the removal of data caps across all existing plans, users can access unlimited 5G Plus services. Postpaid and prepaid customers with data plans of Rs. 239 and above can take advantage of this offer. Airtel 5G Plus is available in more than 270 cities across the country.
The postpaid family plan starts at Rs 399 but with three add-on SIM cards for a family of four, takes the total to Rs 996
India has done remarkable work in skilling, education, healthcare through digital intervention, Sunil Mittal said while addressing CII partnership Summit 2023.
Morgan Stanley expects tariff hike to be 1.3-1.5 percent accretive to revenues of the company's India mobile business while it added that potential 4G tariff hikes and accelerated market share gains are the key triggers.