The momentum indicators and oscillators on the weekly scales are still in 'buy' mode
The Nifty50 broad-based index is reviewed twice a year based on six-month data ending January 31 and July 31.
Bharti Infratel on Monday reported a 21 per cent drop in consolidated net profit to Rs 704 crore for the April-June quarter
All that happened in the markets today
The net profit had stood at Rs 887 crore in the corresponding quarter of previous year
The company has extended the deadline for completion of merger with Indus Towers by over two months till August 31.
The deal, which was signed in April 2018, is expected to come to fruition and once it is completed it will create one of world's biggest telecom tower companies.
The Board meeting has been rescheduled for a later date but will be held on or before the current long stop date of 24th June 2020, the company said.
The Board of the telecom infrastructure company was to take a final decision on the scheme of arrangement with Indus Towers
ARPU gains, hopes of government intervention and upgrades for Vodafone Idea strengthen Street's view
The stock rallied 8% per cent to Rs 243 in the intra-day deals today, and was quoting at its highest level since February 14, 2020 on the BSE
Capital, Bharti Infratel, Coffee Day Resorts and Max Financial Services, this is its largest investment in Asia
Analysts expect tenancy cancellations to taper down over the next two quarters and a much-improved gross tenancy addition to start reflecting in net tenancy additions
The stock was trading higher for the sixth straight day
By adopting a few steps many companies that have no alternative but to go to the NCLT to keep themselves from closing down can be saved
Bharti Infratel, currently owned 53.5% by Bharti Airtel, owns and operates over 40,000 towers
All that happened in the markets today.
The stock failed to hold the gains and declined over 9.6 per cent from intra-day high
A major event investors will track today will be the meeting between Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman to finalise a second stimulus package
Consolidated revenue of the company increased 0.7 per cent YoY to Rs 3,624 crore during the quarter under review