by Ritmbarah Arora
Bharti Airtel: The share price of Bharti Airtel rose 9.3% to Rs 588.2 while around 34.6 million shares in volume have been traded so far. The stock price is up 9.6% since the last week and 17% since the last month, per Trendlyne data.
Bharti Airtel has reported a consolidated loss of Rs 5,237 crore for Q4FY20 on account of provisions for paying statutory dues. The company however posted strong average revenue per users (ARPU) after the recent tariff hike and fall-off of low value subscribers from the platform, as well as good 4G subscriber additions. Motilal Oswal said, “Subscriber adds were flat quarter on quarter at 284 million, but 4G subs grew 10% quarter on quarter to 136 million with 12.5 million fresh adds, garnering healthy >40% estimate incremental market share." Bharti Airtel is listed in 48 screeners on Trendlyne.
INOX Leisure: The stock price of INOX Leisure skyrocketed 8.3% to Rs 178.9 as of now. Around 2.2 million shares in volume have been traded so far. The share price has fallen 12.1% since the last week and 24% since the last month. The jump is primarily owing to the Moderna vaccine news, in anticipation of cinema halls reopening in the near future.
The Delhi High Court has imposed a cost of Rs 5 lakh on INOX Leisure for indulging in ‘judicial adventurism’ by filing a lawsuit against PVR, seeking to restrain it from interfering in its existing and future land contracts. INOX Leisure is listed in 33 screeners on Trendlyne.
Oil & Natural Gas Corporation: The share price of Oil & Natural Gas Corporation jumped 7.6% as of this writing. Around 24.1 million shares in volume have been traded so far. The stock price gained 1.8% since the last week and 2.8% since the last month. The company is listed in 34 screeners on Trendlyne.
Shriram Transport Finance Company: The shares of Shriram Transport Finance Company rallied 7.1% to Rs 617 while around 3.9 million shares in volume have been traded so far. The stock price is down 16.2% since the last week and 23.1% since the last month.
Shriram Transport Finance Company plans to fundraise Rs 3,000-4,000 crore via a qualified institutional placement (QIP) or preferential allotment to augment liquidity, per LiveMint. The company is listed in 32 screeners on Trendlyne.
Oil India: The stock price of Oil India surged 6.6% to Rs 84 and around 1.3 million shares in volume have been traded so far. The share price decreased 4.4% since the last week and 9.5% since the last month. Shares of the oil & gas companies were trading with gains today morning amid signs that producers are cutting output as demand picks up. Oil India is listed in 40 screeners on Trendlyne.
