Bharti Tele rings louder on fresh FII buying

DALAL STREET SPIKES

Telecom major Bharti-Tele Ventures has been in the limelight ever since the RBI allowed fresh FII buying in the counter on December 7. The stock has witnessed a sharp rally with strong buying support from FIIs.

In Tuesday's trading, the stock was up 4.58 per cent to close at Rs 199.65. More than 18.1 lakh shares changed hands on BSE alone.

Since December 7, when RBI allowed fresh buying in to the counter, the stock has appreciated from Rs 178.05 to Tuesday's close of Rs 199.65. The stock has rallied smartly in the past few months on back of strong fundamentals.

Dealers with a domestic broking firm said that a buy call from a foreign broking firm has renewed buying into Bharti counter. The stock in intra-day Tuesday touched a new-high of Rs 201.90 on the NSE.