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Bharti Airtel soars after its arm, IDEMIA, HMD partner to bring CBDC on feature phones in India Bharti Airtel is currently trading at Rs. 887.00, up by 11.90 points or 1.36% from its previous closing of Rs. 875.10 on the BSE. The scrip opened at Rs. 880.05 and has touched a high and low of Rs. 888.40 and Rs. 878.60 respectively. So far 77503 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 901.55 on 27-Jul-2023 and a 52 week low of Rs. 736.20 on 02-Mar-2023. Last one week high and low of the scrip stood at ...
Bharti Airtel soars after its arm, IDEMIA, HMD partner to bring CBDC on feature phones in India
Bharti Airtel soars after its arm, IDEMIA, HMD partner to bring CBDC on feature phones in India
Source: Accord Fintech
8/09/2023 12:51:48 PM
Tejas Networks trades higher on getting mobilization advance of Rs 750 crore from TCS Tejas Networks is currently trading at Rs. 903.50, up by 10.15 points or 1.14% from its previous closing of Rs. 893.35 on the BSE. The scrip opened at Rs. 926.00 and has touched a high and low of Rs. 935.00 and Rs. 896.80 respectively. So far 42654 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 935.00 on 08-Sep-2023 and a 52 week low of Rs. 510.05 on 30-Jan-2023. Last one week high and low of the scrip stood a...
Tejas Networks trades higher on getting mobilization advance of Rs 750 crore from TCS
Tejas Networks trades higher on getting mobilization advance of Rs 750 crore from TCS
Source: Accord Fintech
8/09/2023 11:24:11 AM
Hold Tata Communications Ltd For Target Rs.1,710 - Emkay Global Financial Services We visited TCom’s Customer Experience Center located in Mumbai, which was launched around April 2022. The center is divided into four zones and creates curated journeys, depending upon customers and their interests, using various use-cases. The discussions are about TCom’s capabilities (what TCom can do) as well as its credibility (where TCom has implemented its applications). The center gives an insight into the company’s Digital Platform and Solutions (DPS) and discusses c...
Hold Tata Communications Ltd For Target Rs.1,710 - Emkay Global Financial Services
Hold Tata Communications Ltd For Target Rs.1,710 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
4/09/2023 3:53:20 PM
Elpro International surges on acquiring stake in SBI General Insurance Company Elpro International is currently trading at Rs. 81.00, up by 2.27 points or 2.88% from its previous closing of Rs. 78.73 on the BSE. The scrip opened at Rs. 81.00 and has touched a high and low of Rs. 82.48 and Rs. 79.50 respectively. So far 23382 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.90 on 31-Aug-2023 and a 52 week low of Rs. 53.00 on 27-Mar-2023. Last one week high and low of the scrip stood at Rs...
Elpro International surges on acquiring stake in SBI General Insurance Company
Elpro International surges on acquiring stake in SBI General Insurance Company
Source: Accord Fintech
4/09/2023 10:57:17 AM
India`s Reliance Jio to raise up to $2 billion loan from BNP Paribas - ET India's Jio Infocomm, the telecom wing of Reliance Industries, is in talks to raise up to $2 billion in offshore loans, with BNP Paribas acting as lead arranger, to fund the purchase of 5G network gear from Ericsson, the Economic Times reported on Monday. BNP Paribas will provide $1.9 billion-$2 billion over a nine-month period, during which the telecom company, led by billionaire Mukesh Ambani, will pay back Ericsson, BNP and some other banks, the newspaper said, citing a person famil...
India`s Reliance Jio to raise up to $2 billion loan from BNP Paribas - ET
India`s Reliance Jio to raise up to $2 billion loan from BNP Paribas - ET
Source: Reuters
4/09/2023 9:21:33 AM
Optiemus Infracom zooms on getting nod to enter into JV agreement with Corning International Corporation Optiemus Infracom is currently trading at Rs. 359.10, up by 12.20 points or 3.52% from its previous closing of Rs. 346.90 on the BSE. The scrip opened at Rs. 347.05 and has touched a high and low of Rs. 372.35 and Rs. 347.05 respectively. So far 84418 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 376.00 on 09-Dec-2022 and a 52 week low of Rs. 160.45 on 27-Apr-2023. Last one week high and low of the scrip stoo...
Optiemus Infracom zooms on getting nod to enter into JV agreement with Corning International Corporation
Optiemus Infracom zooms on getting nod to enter into JV agreement with Corning International Corporation
Source: Accord Fintech
1/09/2023 3:27:53 PM
Tata Communications rises on raising Rs 1750 crore through NCDs Tata Communications is currently trading at Rs. 1800.85, up by 13.85 points or 0.78% from its previous closing of Rs. 1787.00 on the BSE. The scrip opened at Rs. 1787.15 and has touched a high and low of Rs. 1808.35 and Rs. 1787.15 respectively. So far 3060 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1858.00 on 24-Aug-2023 and a 52 week low of Rs. 1095.05 on 26-Sep-2022. Last one week high and low of the sc...
Tata Communications rises on raising Rs 1750 crore through NCDs
Tata Communications rises on raising Rs 1750 crore through NCDs
Source: Accord Fintech
30/08/2023 10:16:36 AM
Elpro International soars on acquiring additional stake in Jio Financial Services Elpro International is currently trading at Rs. 74.65, up by 5.93 points or 8.63% from its previous closing of Rs. 68.72 on the BSE. The scrip opened at Rs. 70.00 and has touched a high and low of Rs. 74.60 and Rs. 70.00 respectively. So far 48861 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.25 on 08-Sep-2022 and a 52 week low of Rs. 53.00 on 27-Mar-2023. Last one week high and low of the scrip stood at Rs...
Elpro International soars on acquiring additional stake in Jio Financial Services
Elpro International soars on acquiring additional stake in Jio Financial Services
Source: Accord Fintech
28/08/2023 10:02:00 AM
Sell Vodafone Idea Ltd For Target Rs. 6 - Yes Securities Ltd Result Synopsis Vodafone Idea (IDEA) reported inline performance for the quarter. Both, sequential revenue growth and EBITDA margin were as per expectation. It reported sequential revenue growth of 1.2% QoQ, led by 3% QoQ increase in ARPU to Rs 139/month; while subscriber base declined by 4.5mn QoQ to 221mn. 4G addition was muted for the quarter at 0.3mn QoQ. There was sequential decline in EBITDA margin(down 96 bps QoQ) led by higher marketing cost. Net debt increased to Rs 2.12 trillion ...
Sell Vodafone Idea Ltd For Target Rs. 6 - Yes Securities Ltd
Sell Vodafone Idea Ltd For Target Rs. 6 - Yes Securities Ltd
Source: Yes Securities Ltd
26/08/2023 10:07:53 AM
Telecom Sector Update : Soft AGR growth By Motilal Oswal Financial Services Ltd Bharti gains market share across all circle categories; RJio loses market share in B/C circle, but retains overall pole position. TRAI released its quarterly telecom financial data for 1QFY24. Below are the key highlights: Flat subscriber growth and absence of tariff hike led to soft AGR growth The telecom industry grew 2.3% QoQ (AGR incl NLD) in 1QFY24, primarily driven by an ARPU growth of 2.3% QoQ compared to an average QoQ growth of 3% witnessed over the past eight quarters. Indu...
Telecom Sector Update : Soft AGR growth By Motilal Oswal Financial Services Ltd
Telecom Sector Update : Soft AGR growth By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
25/08/2023 12:17:48 PM
Astra Microwave Products zooms on bagging orders worth Rs 158 crore Astra Microwave Products is currently trading at Rs. 391.00, up by 21.00 points or 5.68% from its previous closing of Rs. 370.00 on the BSE. The scrip opened at Rs. 388.05 and has touched a high and low of Rs. 398.60 and Rs. 377.65 respectively. So far 162821 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 398.60 on 25-Jun-2023 and a 52 week low of Rs. 213.15 on 28-Mar-2023. Last one week high and low of the scr...
Astra Microwave Products zooms on bagging orders worth Rs 158 crore
Astra Microwave Products zooms on bagging orders worth Rs 158 crore
Source: Accord Fintech
25/08/2023 11:21:43 AM
Tata Communications surges on launching global, cloud-based 5G Roaming Lab Tata Communications is currently trading at Rs. 1842.15, up by 22.15 points or 1.22% from its previous closing of Rs. 1820.00 on the BSE. The scrip opened at Rs. 1821.30 and has touched a high and low of Rs. 1858.00 and Rs. 1800.85 respectively. So far 46902 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1858.00 on 24-Aug-2023 and a 52 week low of Rs. 1095.05 on 26-Sep-2022. Last one week high and low of the s...
Tata Communications surges on launching global, cloud-based 5G Roaming Lab
Tata Communications surges on launching global, cloud-based 5G Roaming Lab
Source: Accord Fintech
24/08/2023 3:30:19 PM
Avantel trades jubilantly on bagging purchase order worth Rs 13.30 crore Avantel is currently trading at Rs. 254.95, up by 19.85 points or 8.44% from its previous closing of Rs. 235.10 on the BSE. The scrip opened at Rs. 241.00 and has touched a high and low of Rs. 259.95 and Rs. 241.00 respectively. So far 482412 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 259.95 on 24-Aug-2023 and a 52 week low of Rs. 49.80 on 05-Sep-2022. Last one week high and low of the scrip stood at Rs. 25...
Avantel trades jubilantly on bagging purchase order worth Rs 13.30 crore
Avantel trades jubilantly on bagging purchase order worth Rs 13.30 crore
Source: Accord Fintech
24/08/2023 10:59:47 AM
Vodafone Idea jumps on the buzz of planning to clear about Rs 2,400 crore dues by September Vodafone Idea is currently trading at Rs. 7.82, up by 0.11 points or 1.43% from its previous closing of Rs. 7.71 on the BSE. The scrip opened at Rs. 7.80 and has touched a high and low of Rs. 7.90 and Rs. 7.78 respectively. So far 16603932 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.08 on 13-Sep-2022 and a 52 week low of Rs. 5.70 on 31-Mar-2023. Last one week high and low of the scrip stood at Rs. 8.00 a...
Vodafone Idea jumps on the buzz of planning to clear about Rs 2,400 crore dues by September
Vodafone Idea jumps on the buzz of planning to clear about Rs 2,400 crore dues by September
Source: Accord Fintech
23/08/2023 3:30:03 PM
Tata Communications jumps on planning to raise Rs 1750 crore through NCDs Tata Communications is currently trading at Rs. 1826.05, up by 44.20 points or 2.48% from its previous closing of Rs. 1781.85 on the BSE. The scrip opened at Rs. 1794.20 and has touched a high and low of Rs. 1826.05 and Rs. 1770.45 respectively. So far 24344 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1826.20 on 23-Aug-2023 and a 52 week low of Rs. 1095.05 on 26-Sep-2022. Last one week high and low of the s...
Tata Communications jumps on planning to raise Rs 1750 crore through NCDs
Tata Communications jumps on planning to raise Rs 1750 crore through NCDs
Source: Accord Fintech
23/08/2023 11:23:14 AM
Telecom Sector Update : Macro-model: Expect industry revenue CAGR of 12% over FY23-FY26E By ICICI Securities Macro-model: Expect industry revenue CAGR of 12% over FY23-FY26E We have revisited our industry macro-model to realign our assumptions for next three years. We now expect industry AGR (incl. NLD) CAGR at 12% to INR 3,065bn over FY23-FY26E (vs 15.4% CAGR over FY20-FY23). Our assumption bakes-in organic growth of >6% CAGR and one tariff hike of ~10% in FY25E. Bharti’s AGR market share is likely to jump 125bps in the same period to 37.5% (vs +545bps to 36.2% in past three years), and...
Telecom Sector Update : Macro-model: Expect industry revenue CAGR of 12% over FY23-FY26E By ICICI Securities
Telecom Sector Update : Macro-model: Expect industry revenue CAGR of 12% over FY23-FY26E By ICICI Securities
Source: ICICI Securities
22/08/2023 12:49:56 PM
Telecom services sector`s AGR surges sequentially to Rs 64,494 crore in March 2023 quarter: TRAI Telecom Regulatory Authority of India(TRAI) in its report titled 'Indian Telecom Services Performance Indicators January - March, 2023' has said telecom service sector's adjusted gross revenue (AGR) rose 2.5 per cent sequentially to Rs 64,494 crore in March 2023 quarter. Seen year-on-year, the adjusted gross revenue increased 9.5 per cent over the corresponding period of the previous year. The gross revenue (GR), Applicable Gross Revenue (ApGR) and Adjusted Gross Revenue (AGR) ...
Telecom services sector`s AGR surges sequentially to Rs 64,494 crore in March 2023 quarter: TRAI
Telecom services sector`s AGR surges sequentially to Rs 64,494 crore in March 2023 quarter: TRAI
Source: Accord Fintech
22/08/2023 10:50:08 AM
India`s Jio Financial slides 5% again as index funds sell-off continues Shares in India's Jio Financial Services (JFS), part of Reliance Industries, fell a maximum of 5% for a second straight day on Tuesday as passive funds continued selling ahead of the stock exiting the benchmark indexes. JFS shares fell limit-down to 236.45 rupees per share. They opened at 262 rupees in their trading debut on Monday and fell 5%. Billionaire Mukesh Ambani's Reliance spun off JFS last month, with the stock price set at 261.85 rupees during a special discovery sessi...
India`s Jio Financial slides 5% again as index funds sell-off continues
India`s Jio Financial slides 5% again as index funds sell-off continues
Source: Reuters
22/08/2023 9:39:38 AM
Valiant Communications inches up on receiving pilot order from Grid Controller of India Valiant Communications is currently trading at Rs. 252.35, up by 0.95 points or 0.38% from its previous closing of Rs. 251.40 on the BSE. The scrip opened at Rs. 241.00 and has touched a high and low of Rs. 255.00 and Rs. 240.00 respectively. So far 2965 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 270.00 on 18-Aug-2023 and a 52 week low of Rs. 105.00 on 19-Aug-2022. Last one week high and low of the scrip ...
Valiant Communications inches up on receiving pilot order from Grid Controller of India
Valiant Communications inches up on receiving pilot order from Grid Controller of India
Source: Accord Fintech
21/08/2023 10:28:23 AM
India's Reliance Jio launches Netflix subscription on prepaid plans Reliance Jio Infocomm said on Friday it has launched a Netflix subscription on prepaid plans, a move that could intensify competition among domestic telecom companies as well as help the video-streaming provider find other avenues to make money. Jio, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries, said that around 400 million prepaid customers will have the option of availing a Netflix subscription through two packages, each valid for up to 84 days. One wi...
India's Reliance Jio launches Netflix subscription on prepaid plans
India's Reliance Jio launches Netflix subscription on prepaid plans
Source: Reuters
18/08/2023 7:20:56 PM
India`s Jio launches Netflix subscription on prepaid plans Reliance Jio Infocomm, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries, said on Friday it has launched a Netflix subscription on prepaid plans. Jio said that around 400 million prepaid customers will get the option of availing a Netflix subscription through two packages, one priced at 1,099 rupees ($13.23), which will give access to Netflix on mobile platforms, and the other for 1,499 rupees, providing access to a basic package for large screens. The packag...
India`s Jio launches Netflix subscription on prepaid plans
India`s Jio launches Netflix subscription on prepaid plans
Source: Reuters
18/08/2023 5:26:11 PM
Jio Financial Services to be listed on stock exchanges on Monday  BSE has informed trading members of the Exchange that effective from Monday (August 21), the equity shares of Jio Financial Services Ltd (formerly known as Reliance Strategic Investments Limited) shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities. The scrip will be in Trade-for-Trade segment for 10 trading days.   The members are requested to note that the above security will be a part of special pre-open session for IPO and Oth...
Jio Financial Services to be listed on stock exchanges on Monday
Jio Financial Services to be listed on stock exchanges on Monday
Source: IANS
18/08/2023 3:33:08 PM
Bharti Airtel rises as its arm reports 41% growth in revenue during Q1FY24 Bharti Airtel is currently trading at Rs. 860.10, up by 3.50 points or 0.41% from its previous closing of Rs. 856.60 on the BSE. The scrip opened at Rs. 857.05 and has touched a high and low of Rs. 861.75 and Rs. 853.00 respectively. So far 243924 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 901.55 on 27-Jul-2023 and a 52 week low of Rs. 710.00 on 29-Aug-2022. Last one week high and low of the scrip stood at ...
Bharti Airtel rises as its arm reports 41% growth in revenue during Q1FY24
Bharti Airtel rises as its arm reports 41% growth in revenue during Q1FY24
Source: Accord Fintech
18/08/2023 2:42:25 PM
Reliance`s Jio Financial Services to be listed on August. 21 Jio Financial Services (JFS) <JIOF.NS>, the financial arm of Indian conglomerate Reliance Industries, is set to be listed on the stock exchanges on Aug. 21, per a stock exchange circular on Friday. Billionaire Mukesh Ambani's Reliance had last month spun off JFS, with the market ascribing a valuation of around $20 billion. Ambani has said Jio Financial Services aims to provide simple, affordable and innovative digital first solutions. In July, JFS and U.S.-based BlackRock s...
Reliance`s Jio Financial Services to be listed on August. 21
Reliance`s Jio Financial Services to be listed on August. 21
Source: Reuters
18/08/2023 2:32:42 PM
Route Mobile surges on signing exclusive partnership with Vodafone Idea Route Mobile is currently trading at Rs. 1541.45, up by 9.00 points or 0.59% from its previous closing of Rs. 1532.45 on the BSE. The scrip opened at Rs. 1532.50 and has touched a high and low of Rs. 1558.20 and Rs. 1521.20 respectively. So far 13264 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1759.50 on 17-Jul-2023 and a 52 week low of Rs. 1131.00 on 23-Jan-2023. Last one week high and low of the scrip sto...
Route Mobile surges on signing exclusive partnership with Vodafone Idea
Route Mobile surges on signing exclusive partnership with Vodafone Idea
Source: Accord Fintech
18/08/2023 1:51:54 PM
Telecom Sector Update : Q1 ARPU improves; low capex, elevated debt concerns persist - Emkay Global Vodafone Idea’s (Vi’s) revenue was up 1.2% QoQ, at a marginal beat to consensus/our estimates. EBITDA margin was up by 94bps QoQ, post adjusting for the Rs2bn write-back of network expenses in Q4 (missing consensus/our estimates. Subscriber decline accelerated, with subscriber count down 4.5mn QoQ (vs. 2.7mn loss in Q4); but ARPU improved 3%QoQ. Discussions on funding from external investors press on, despite promoters’ readiness to contribute more equity (up to Rs20bn). Vi ...
Telecom Sector Update : Q1 ARPU improves; low capex, elevated debt concerns persist - Emkay Global
Telecom Sector Update : Q1 ARPU improves; low capex, elevated debt concerns persist - Emkay Global
Source: Emkay Global Financial Services
17/08/2023 12:25:25 PM
Telecom Sector Update : Jio/Bharti continue to drive MBB and active subs addition; VIL still struggling By JM Financial Institutional Securities TRAI’s May’23 subscriber (subs) data shows industry’s MBB (mobile broadband — 3G+4G) subs addition was robust at 5.3mn (vs. ~5mn additions per month since May’22). MBB additions, in May’23, continued to be robust for Jio (3.0mn) and Bharti (2.1mn), while VIL’s MBB subs base was flattish MoM after declining in two out of the last 3 months. Industry’s active subs also rose by a strong 5mn in May’23 due to addition of 4.9mn/2.4mn for Jio/Bhar...
Telecom Sector Update : Jio/Bharti continue to drive MBB and active subs addition; VIL still struggling By JM Financial Institutional Securities
Telecom Sector Update : Jio/Bharti continue to drive MBB and active subs addition; VIL still struggling By JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
12/08/2023 3:27:23 PM
Vodafone Idea rises as its arm partners with Yotta to enhance data center Colocation, Cloud services portfolio Vodafone Idea is currently trading at Rs. 8.10, up by 0.03 points or 0.37% from its previous closing of Rs. 8.07 on the BSE. The scrip opened at Rs. 8.09 and has touched a high and low of Rs. 8.19 and Rs. 8.08 respectively. So far 9169459 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.08 on 13-Sep-2022 and a 52 week low of Rs. 5.70 on 31-Mar-2023. Last one week high and low of the scrip stood at Rs. 8.59 an...
Vodafone Idea rises as its arm partners with Yotta to enhance data center Colocation, Cloud services portfolio
Vodafone Idea rises as its arm partners with Yotta to enhance data center Colocation, Cloud services portfolio
Source: Accord Fintech
11/08/2023 11:42:14 AM
Route Mobile inches up on launching Omnichannel Experience Automation Network Route Mobile is currently trading at Rs. 1519.05, up by 1.35 points or 0.09% from its previous closing of Rs. 1517.70 on the BSE. The scrip opened at Rs. 1519.05 and has touched a high and low of Rs. 1532.40 and Rs. 1517.70 respectively. So far 402 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1759.50 on 17-Jul-2023 and a 52 week low of Rs. 1131.00 on 23-Jan-2023. Last one week high and low of the scrip stood...
Route Mobile inches up on launching Omnichannel Experience Automation Network
Route Mobile inches up on launching Omnichannel Experience Automation Network
Source: Accord Fintech
11/08/2023 10:29:32 AM
Buy Bharti Airtel Ltd For Target Rs. 1,010 - Religare Broking Ltd Healthy revenue growth: Bharti Airtel revenue from operations was in line with our expectations at Rs 37,440 Cr, up by 14.1% YoY/4% QoQ driven by healthy addition of ~10 Mn customer in overall business mainly in the India and South Asian markets. Amongst segments, its Mobiles services India reported a growth of 11.9% YoY/4.3% QoQ to Rs 20,392 Cr, followed by Mobile services Africa which was up by 16.6% YoY/2.6% QoQ to Rs 11,317 Cr while other segments too reported healthy growth. Cost cutt...
Buy Bharti Airtel Ltd For Target Rs. 1,010 - Religare Broking Ltd
Buy Bharti Airtel Ltd For Target Rs. 1,010 - Religare Broking Ltd
Source: Religare Broking Ltd
8/08/2023 2:44:38 PM
Reliance Industries rises as its arm gets $2.2 billion fund support from Swedish export credit agency Reliance Industries rises as its arm gets $2.2 billion fund support from Swedish export credit agency Aug-07-2023   14:04 Hrs IST Reliance Industries is currently trading at Rs. 2519.30, up by 9.15 points or 0.36% from its previous closing of Rs. 2510.15 on the BSE. The scrip opened at Rs. 2515.00 and has touched a high and low of Rs. 2528.35 and Rs. 2505.05 respectively. So far 228922 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1...
Reliance Industries rises as its arm gets $2.2 billion fund support from Swedish export credit agency
Reliance Industries rises as its arm gets $2.2 billion fund support from Swedish export credit agency
Source: Accord Fintech
7/08/2023 3:01:01 PM
Bharti Airtel rises on launching `Airtel Xstream AirFiber` Bharti Airtel rises on launching ‘Airtel Xstream AirFiber’ Aug-07-2023   12:48 Hrs IST Bharti Airtel is currently trading at Rs. 897.60, up by 7.30 points or 0.82% from its previous closing of Rs. 890.30 on the BSE. The scrip opened at Rs. 877.05 and has touched a high and low of Rs. 900.00 and Rs. 877.05 respectively. So far 55597 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 901.55 o...
Bharti Airtel rises on launching `Airtel Xstream AirFiber`
Bharti Airtel rises on launching `Airtel Xstream AirFiber`
Source: Accord Fintech
7/08/2023 2:54:12 PM
Add Sterlite Technologies Ltd For Target Rs.177 - Yes Securities Result Synopsis Sterlite Technologies (SOTL) reported mixed operating performance for the quarter. The sequential revenue growth was below expectation; while EBITDA margin was as per estimates. Revenue declined by 18.7% QoQ, led by 26.7% QoQ decrease in Global networking segment; the Global Services segment grew by 0.3% QoQ as it continues to realign its Services segment with higher focus on profitability. There was sequential improvement in EBITDA margin(up 39 bps QoQ) led by focus on cos...
Add Sterlite Technologies Ltd For Target Rs.177 - Yes Securities
Add Sterlite Technologies Ltd For Target Rs.177 - Yes Securities
Source: Yes Securities Ltd
5/08/2023 9:56:51 AM
Cabinet clears telecom bill, likely to be introduced in Parliament next week  The Union Cabinet is learnt to have cleared the Telecommunication Bill during its meeting which took place on Friday, sources aware of the developments said. With the cabinet having cleared the proposed legislation, it is likely to be introduced in the Parliament next week. The bill proposes to enlarge the scope of telecommunication services by including OTT, Internet-based and satellite-based communication services, broadcasting, internet and broadband services within its ambit. ...
Cabinet clears telecom bill, likely to be introduced in Parliament next week
Cabinet clears telecom bill, likely to be introduced in Parliament next week
Source: IANS
5/08/2023 9:08:41 AM
India's Bharti Airtel beats Q1 revenue view on 4G subscriber growth Bharti Airtel, India's No.2 telecom carrier by users, posted a bigger-than-expected rise in quarterly revenue on Thursday as it signed up more subscribers for its higher-priced 4G services and benefited from tariff hikes in its base plans. Airtel, market leader Reliance Jio and other telcos have a dual focus of migrating more customers from 2G to 4G and subsequently to 5G to grow their premium user base and of raising tariffs that have long been stagnant. Airtel added 5.6 million 4G...
India's Bharti Airtel beats Q1 revenue view on 4G subscriber growth
India's Bharti Airtel beats Q1 revenue view on 4G subscriber growth
Source: Reuters
3/08/2023 7:55:51 PM
India's Bharti Airtel posts Q1 revenue jump on 4G user addition  Indian telecom major Bharti Airtel reported an over 14% rise in first-quarter revenue on Thursday, helped by strong addition of 4G users. Consolidated revenue rose to 374.40 billion rupees ($4.53 billion) for the quarter ended June 30, the company said in a filing. ($1 = 82.6960 Indian rupees)
India's Bharti Airtel posts Q1 revenue jump on 4G user addition
India's Bharti Airtel posts Q1 revenue jump on 4G user addition
Source: Reuters
3/08/2023 4:59:22 PM
Rss Feed Sterlite Technologies gains on winning Rs 250 crore deal for building, maintaining data centres Sterlite Technologies is currently trading at Rs. 147.75, up by 1.10 points or 0.75% from its previous closing of Rs. 146.65 on the BSE. The scrip opened at Rs. 146.05 and has touched a high and low of Rs. 148.70 and Rs. 145.80 respectively. So far 121047 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 192.95 on 19-Dec-2022 and a 52 week low of Rs. 142.00 on 28-Mar-2023. Last one week high and low of the scrip s...
Rss Feed Sterlite Technologies gains on winning Rs 250 crore deal for building, maintaining data centres
Rss Feed Sterlite Technologies gains on winning Rs 250 crore deal for building, maintaining data centres
Source: Accord Fintech
3/08/2023 3:39:49 PM
Add Sterlite Technologies Ltd For Target Rs.177 - Yes Securities Result Synopsis Sterlite Technologies (SOTL) reported mixed operating performance for the quarter. The sequential revenue growth was below expectation; while EBITDA margin was as per estimates. Revenue declined by 18.7% QoQ, led by 26.7% QoQ decrease in Global networking segment; the Global Services segment grew by 0.3% QoQ as it continues to realign its Services segment with higher focus on profitability. There was sequential improvement in EBITDA margin(up 39 bps QoQ) led by focus on cos...
Add Sterlite Technologies Ltd For Target Rs.177 - Yes Securities
Add Sterlite Technologies Ltd For Target Rs.177 - Yes Securities
Source: Yes Securities Ltd
1/08/2023 3:43:04 PM
HFCL climbs on bagging purchase orders worth Rs 137.63 crore HFCL is currently trading at Rs. 66.05, up by 2.25 points or 3.53% from its previous closing of Rs. 63.80 on the BSE. The scrip opened at Rs. 63.81 and has touched a high and low of Rs. 66.75 and Rs. 63.76 respectively. So far 1080689 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.80 on 09-Dec-2022 and a 52 week low of Rs. 55.75 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs. 66.75 and R...
HFCL climbs on bagging purchase orders worth Rs 137.63 crore
HFCL climbs on bagging purchase orders worth Rs 137.63 crore
Source: Accord Fintech
1/08/2023 3:26:20 PM
Tata Communications gains on completing full acquisition of Oasis Smart SIM Europe SAS Tata Communications is currently trading at Rs. 1788.90, up by 15.15 points or 0.85% from its previous closing of Rs. 1773.75 on the BSE. The scrip opened at Rs. 1776.05 and has touched a high and low of Rs. 1803.95 and Rs. 1755.00 respectively. So far 129157 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,803.95 on 31-Jul-2023 and a 52 week low of Rs. 1032.00 on 04-Aug-2022. Last one week high and low of the...
Tata Communications gains on completing full acquisition of Oasis Smart SIM Europe SAS
Tata Communications gains on completing full acquisition of Oasis Smart SIM Europe SAS
Source: Accord Fintech
31/07/2023 2:35:36 PM
Airtel prepaid Rs 8,024 cr to clear liabilities for spectrum acquired in 2015 Bharti Airtel on Monday said it has prepaid Rs 8,024 crore to the Department of Telecom (DoT) towards part prepayment of deferred liabilities pertaining to spectrum acquired in the auction in 2015. The said instalments had an interest rate of 10 per cent and have been prepaid by Airtel, leveraging much lower cost financing available to it. Airtel said it continues to enjoy access to a well-diversified sources of capital/financing, allowing it to have enhanced financial flexibility in it...
Airtel prepaid Rs 8,024 cr to clear liabilities for spectrum acquired in 2015
Airtel prepaid Rs 8,024 cr to clear liabilities for spectrum acquired in 2015
Source: IANS
31/07/2023 2:02:31 PM
Centre plans to bring PLI scheme for chemicals, petrochemicals sectors: Finance Minister Nirmala Sitharaman  The central government has said that it will look at bringing a productivity linked incentive (PLI) scheme for the chemicals and petrochemicals sector. Addressing an industry body event organised by FICCI, Finance Minister Nirmala Sitharaman on Thursday said that the government will consider a PLI scheme for the petrochemical and chemical sectors as India aims to become energy independent and achieve net-zero carbon emission by 2070. As of now, the government has rolled out 14 PLI...
Centre plans to bring PLI scheme for chemicals, petrochemicals sectors: Finance Minister Nirmala Sitharaman
Centre plans to bring PLI scheme for chemicals, petrochemicals sectors: Finance Minister Nirmala Sitharaman
Source: IANS
27/07/2023 3:48:58 PM
Telecom Sector Update : RJio`s revenue growth slows 5G capex ahead of schedule By ICICI Securities Ltd Reliance Jio Infocomm’s (RJio) revenue grew 9.9% YoY, helped by rise in mobile subs base, faster growth in FTTH and higher enterprise (incl. ILD) revenue. EBITDA was up 14.7% YoY, aided by lower SUC (which added to EBITDA growth by 4.2% YoY). RJio remains confident of driving higher revenue growth led by: 1) adoption of 5G services, hence higher data usage; 2) FTTH subs growth boosted by JioFiber Backup plan; and 3) continued growth in enterprise business. However, we see near-term chal...
Telecom Sector Update : RJio`s revenue growth slows 5G capex ahead of schedule By ICICI Securities Ltd
Telecom Sector Update : RJio`s revenue growth slows 5G capex ahead of schedule By ICICI Securities Ltd
Source: ICICI Securities Ltd
27/07/2023 2:54:22 PM
India`s Jio Financial Services, BlackRock to launch asset management venture India's Jio Financial Services, part of billionaire Mukesh Ambani led Reliance Group, and U.S.-based BlackRock Inc will form a 50:50 joint venture to launch asset management services in India. The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a statement on Wednesday. The announcement comes days after Jio Financial Services was demerged from Reliance Industries, with the markets ascribing a valuation of nearly $20 ...
India`s Jio Financial Services, BlackRock to launch asset management venture
India`s Jio Financial Services, BlackRock to launch asset management venture
Source: Reuters
27/07/2023 9:06:06 AM
Buy Tata Communications Ltd For Target Rs.R 1,850 - ICICI Securities Ltd Digital business revenue growth accelerates significantly Tata Communications’ (TCom) Q1FY24 data and digital services revenue (organic) grew 14.2% and 28% YoY, respectively, which is significant acceleration vs consensus estimates. It believes the growth is likely to sustain, and remains committed to achieving INR 280bn revenue by FY27E in data services. Though underlying data EBITDA margin has improved 60bps QoQ, reported EBITDA margin has been impacted by acquisition-related costs...
Buy Tata Communications Ltd For Target Rs.R 1,850 - ICICI Securities Ltd
Buy Tata Communications Ltd For Target Rs.R 1,850 - ICICI Securities Ltd
Source: ICICI Securities Ltd
24/07/2023 3:40:15 PM
Neutral Tata Communications Ltd For Target Rs.1,450 - Motilal Oswal Financial Services Ltd * TCOM witnessed a healthy recovery in its data business with 4% QoQ growth in revenue (in line). This growth was primarily driven by a significant 7% QoQ increase in data usage. EBITDA declined 1% QoQ (5% miss) due to the significant impact on its voice business, while the data segment remained a key driver for the company’s overall positive performance. Data EBITDA grew 5% QoQ (6% adjusted for Switch Acquisition). * We have revised down revenue/EBITDA CAGR by 3% to 11%/7% over FY23...
Neutral Tata Communications Ltd For Target Rs.1,450 - Motilal Oswal Financial Services Ltd
Neutral Tata Communications Ltd For Target Rs.1,450 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
22/07/2023 10:04:47 AM
India`s Reliance Jio posts 12% rise in Q1 profit Reliance Jio Infocomm, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries, reported a 12.2% rise in first-quarter profit on Friday, as its added more subscribers. Jio, India's biggest telecom carrier by subscribers, said net profit climbed to 48.63 billion rupees ($593.2 million) in April-June, from 43.35 billion rupees a year ago. Its revenue from operations rose 9.9% to 240.42 billion rupees. ($1 = 81.9772 Indian rupees)
India`s Reliance Jio posts 12% rise in Q1 profit
India`s Reliance Jio posts 12% rise in Q1 profit
Source: Accord Fintech
21/07/2023 5:03:37 PM
Tata Communications gains on getting nod to raise up to Rs 1800 crore through NCDs Tata Communications is currently trading at Rs. 1623.80, up by 5.65 points or 0.35% from its previous closing of Rs. 1618.15 on the BSE. The scrip opened at Rs. 1609.95 and has touched a high and low of Rs. 1646.95 and Rs. 1597.25 respectively. So far 35094 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1673.95 on 14-Jun-2023 and a 52 week low of Rs. 972.20 on 20-Jul-2022. Last one week high and low of the scr...
Tata Communications gains on getting nod to raise up to Rs 1800 crore through NCDs
Tata Communications gains on getting nod to raise up to Rs 1800 crore through NCDs
Source: Accord Fintech
20/07/2023 10:50:35 AM