In the past one month, the stock has underperformed the market by falling 19 per cent as against a 1.7 per cent rise in the S&P BSE Sensex.
The stock price has almost doubled from its issue price of Rs 555 per share, in less than a year.
Improvement in the industry dynamics post telecom reforms announced by the government, which addressed the liquidity woes of the sector, led to the upgrade said Care Ratings.
The stock of Tata Group telecom services provider tanked 51% after the company on January 10, 2022 announced its decision to convert interest related to AGR dues of Rs 850 crore into equity.
Adani Green, Apollo Tyres, Adani Total Gas, Balrampur Chini, Dabur, eClerx, HDFC, IOB, Jubilant Foodworks, M&M Financial, Tata Consumer and Zee to announce results today.
Citigroup Inc. offered a glimpse of the conditions facing the nation's debt when it withdrew a buy call within a day of recommending purchases
The technical analyst expects the NSE Nifty to face resistance around 17,773, while suggests to hold longs on the Nifty with a stop at 17,200.
The RBI, which stopped buying bonds to prevent liquidity infusion, may have to support the borrowing again
How mid-cap stocks performed
Frontline indices whipsawed in trade on Tuesday but eventually ended 1.4% higher
The provisions of this section shall not apply from assessment year 2023-24 onwards, according to the Finance Bill
From highs to lows, Sensex saw a movement of 1,294 points but managed to finish strong
Nifty Metal index soars 4%; Tata Steel, SAIL rally; ITC jumps to 7-week high as no tobacco tax relieves investors; Sun Pharma hits new 52-week high post Q3 results; Govt brings cryptos under tax net
The FM has announced that digital rupee - using blockchain technology - will be introduced by RBI in 2022-23
Union Budget 2022 seems to be a visionary and simplified budget showcasing the long term focus of the government to take India @75 to India@100
It has been an extremely pragmatic Union Budget 2022-23 trying to create the right ecosystem for putting the Indian economy on a high growth
Reduction in surcharge (capped at 15 per cent) on long term capital gains - is positive from financial markets
The rupee pared its initial gains and settled 17 paise lower at 74.82 (provisional) against US dollar on Tuesday on the back of higher-than-expected borrowing in the next financial year.
The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.
Sectorally, the Nifty PSU Bank index ended in the red, down 0.6 per cent, as the Budget document remained silent on PSB privatisation