Shares in focus: Bharti Airtel, Vodafone Concept, OIL, BPCL, Engineers India, DLF, Ambuja Cement
Nifty futures have been ruling 85.50 factors or 0.57 per cent down at 15,029.50 on Singaporean Alternate, indicating a gap-down opening for BSE Sensex and Nifty 50 on Friday. Earlier session marked the third straight fall within the headline indices because of considerations over stretched valuations and weak world cues. In accordance with an analyst, lack of energy in decline and constructive market breadth may point out risk of a comeback of bulls from the decrease ranges. “We count on Nifty to indicate upside bounce from the lows of round 15000 ranges within the subsequent 1-2 classes. On the flip aspect, a decisive transfer beneath 14950 is prone to set off extra weak spot within the close to time period,” Nagaraj Shetti, Technical Analysis Analyst, HDFC Securities, mentioned.
Shares in focus as we speak:
Bharti Airtel, Vodafone Concept: In accordance with TRAI information, Bharti Airtel added 4.05 million wi-fi subscribers in December 2020 to take its base to 338.70 million, adopted by Reliance Jio, which added 478,917 subscribers to take its base to 408.77 million. Reliance Jio’s wi-fi market share stood at 35.43% in December, adopted by Airtel at 29.36%. Vodafone Concept continues to lose subscribers, shedding 5.69 million customers in December.
OIL, EIL, BPCL: Oil India Restricted in consortium with Engineers India Restricted has determined to bid for buying 61.65 per cent stake of Bharat Petroleum Company Restricted in Numaligarh Refinery Restricted (NRL). The bid is to be submitted via a proper course of, based on an announcement issued by OIL on Thursday.
Ambuja Cement: Ambuja Cement posted a consolidated internet revenue of Rs 968.24 crore for the quarter ended on December 31, 2020. The corporate’s margin expanded by 410 bps (foundation factors) in the course of the quarter and 480 bps for the total yr.
DLF: DLF knowledgeable that DCCDL has accomplished the acquisition of this 51.8 per cent stake at a consideration of Rs 779.40 crore and consequently Fairleaf has turn into a wholly-owned subsidiary of DCCDL with impact from as we speak i.e. 18th February 2021
Outcomes as we speak: Mahindra CIE Automotive, Asian Tea & Exports, Binani Industries, Chromatic India, Sunedison Infrastructure, Uniply Decor, Uniply Industries and Uniworth Securities are scheduled to announce their third quarter earnings later within the day as we speak
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