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Siddhartha Khemka of MOFSL highlights the value of PSUs like Bharat Electronics and discusses various trends including Zomato, urban and rural consumption, two-wheeler sector, shipyard names, Vodafone, and Bharti Airtel. Khemka further says: "Among the PSUs, those in the capital goods space, defence, railways, power, utilities, metals definitely have a runway of growth."
Indian Stock Market Watch: Key Earnings & Q4 Results on May 15th. Bharti Airtel, Infosys, Colgate-Palmolive, Cipla & More! Today's market movers and global trends to watch.
Reliance Jio, Bharti Airtel and Vodafone Idea are set to compete for ₹96,317.65 crore worth of 5G spectrum to be offered in the next auction starting June 6.
Three applications for the auction have been received by the telecom department by India's three private telcos by the application deadline.
Reliance Jio added more active subscribers than its rivals, but number two telco Bharti Airtel added higher paying 4G and 5G users in March 2024.