On 26 February 2021, Integrated Core Strategies (Asia) offloaded 3.70 crore equity shares (0.68% equity) of Bharti Airtel at Rs 556.46 per share via bulk deal on the NSE.
Integrated Core Strategies (Asia) had acquired 3.80 crore shares, or 0.7% stake in Bharti Airtel on 31 August 2020 via bulk deal on the NSE.
Meanwhile, Airtel Digital, a wholly-owned subsidiary of Bharti Airtel has agreed to subscribe to 5,000 equity shares (10% stake) in Ferbine for a cash consideration of Rs 50,000 on Thursday, 25 February 2021. The transaction is expected to be completed by 5 March 2021.
On a consolidated basis, the telecom major reported a net profit of Rs 853.60 crore in Q3 FY21 as against net loss of Rs 1,035.30 crore in Q3 FY20. Net sales during the quarter jumped 24.2% year-on-year (Y-o-Y) to Rs 26,517.80 crore.
Auto stocks will be in focus today as sales data for the month of February will be released.
Reliance Strategic Business Ventures (RSBVL), a wholly owned subsidiary of Reliance Industries (RIL), announced that it has acquired additional equity stake in its investee company skyTran Inc. (skyTran) for a consideration of $26.76 million increasing its shareholding to 54.46% on a fully diluted basis.
Bharti Airtel informed that its wholly owned subsidiary Airtel Digital has agreed to subscribe to 5,000 equity shares (10%) in Ferbine Private Limited on February 25, 2021.
The board of Indian Oil Corporation (IOCL) at its meeting held on 26 February 2021 approved an investment of Rs 32,946 crore to expand the capacity of Panipat Refinery. This capital infusion is expected to increase the capacity of refinery to 25 MMTPA from 15 MMTPA.
OnMobile Global Ltd has added 84.08% over last one month compared to 1.99% gain in S&P BSE Telecom index and 7.04% rise in the SENSEX
OnMobile Global Ltd lost 4.21% today to trade at Rs 104.65. The S&P BSE Telecom index is down 1.68% to quote at 1374.38. The index is up 1.99 % over last one month. Among the other constituents of the index, Bharti Airtel Ltd decreased 2.64% and Vodafone Idea Ltd lost 2.12% on the day. The S&P BSE Telecom index went up 16.2 % over last one year compared to the 29.37% surge in benchmark SENSEX.
OnMobile Global Ltd has added 84.08% over last one month compared to 1.99% gain in S&P BSE Telecom index and 7.04% rise in the SENSEX. On the BSE, 1.08 lakh shares were traded in the counter so far compared with average daily volumes of 3.97 lakh shares in the past one month. The stock hit a record high of Rs 133.6 on 24 Feb 2021. The stock hit a 52-week low of Rs 12.95 on 25 Mar 2020.
Read more about Spectrum auction: Bid amount exceeds Rs 77,000 cr on Day 1, says govt on Business Standard. India s first auction of spectrum in five years attracted Rs 77,146 crore of bids on the opening day on Monday with Reliance Jio, Bharti Airtel and Vodafone Idea putting in bids.Over 2,250 MHz of spectrum, that carry telecom signals, in seven bands