Bharti Airtel share price up 4% as Motilal Oswal sees 44% upside on strong ARPU

According to Motilal Oswal, the sharp reduction in crude prices could result in revenue softness in the short term, particularly in Nigeria, Congo and Chad. However, Bharti’s free cash flow (FCF) positive position and lower leverage should have limited impact, said the brokerage.

Trending stocks: MCX share price down 4% as Nifty plunges

NEW DELHI: Shares of Multi Commodity Exchange of India traded 3.94 per cent down in Wednesday ‘s trade at 11:36 am. Around 48831 shares changed hands on the counter. The stock opened at Rs 1106.45 and touched an intraday high and low of Rs 1109.0 and Rs 1071, respectively, in the session so far. The […]

Trending stocks: Indiabulls Housing Finance share price up 3%

NEW DELHI: Shares of Indiabulls Housing Finance traded 3.0 per cent up in Wednesday ‘s trade at 10:56 am. Around 12399147 shares changed hands on the counter. The stock opened at Rs 98.3 and touched an intraday high and low of Rs 105.0 and Rs 98.05 , respectively, in the session so far. The stock […]

RIL share price ends 14% higher on report Facebook eyeing stake in Jio

Cyient share price rises nearly 7% on clearance to produce medical equipment for COVID-19 D-Street Buzz: Metal stocks shine after rise in China factory activity; RIL, ITC, ONGC top gainers Cadila, Ipca gain 4-9% after US allows emergency use of antimalarial drugs for COVID-19

Trending stocks: NMDC share price down 1% as Nifty plunges

NEW DELHI: Shares of NMDC Ltd. traded 1.19 per cent down in Wednesday ‘s trade at 11:25 am. Around 1693942 shares changed hands on the counter. The stock opened at Rs 79.0 and touched an intraday high and low of Rs 81.9 and Rs 78.0 , respectively, in the session so far. The stock quoted […]

Trending stocks: Adani Transmission share price down 1%

NEW DELHI: Shares of Adani Transmission Ltd. traded 0.77 per cent down in Wednesday ‘s trade at 11:17 am. Around 15736 shares changed hands on the counter. The stock opened at Rs 190.1 and touched an intraday high and low of Rs 193.9 and Rs 185, respectively, in the session so far. The stock quoted […]

M&M share price falls 5%, hits 52-week low as coronavirus halts car production

Mahindra and Mahindra announced proactive, preventive and pre-emptive measures at all their offices and manufacturing locations in India to ensure employee safety and contain the spread of the coronavirus (COVID-19), the company had earlier said in a filing to the exchanges.

The Warehouse share price ‘likely to fall’

“The Warehouse Group is in discussions with Government on what categories within The Warehouse will be available post escalation to Covid-19 Alert Level Four. The group will make an announcement when there is better definition of this, and will then request the trading halt is lifted. It is expected that this will be by [Wednesday] morning.”

Suzlon Energy share price locked at upper circuit after lenders approve resolution plan

State Bank of India, the lead bank of the consortium of lenders, conveyed that the resolution plan of the company and its certain identified subsidiaries was approved by it and subsequently circulated to the consortium of lenders, and which has been approved by 100% of lenders by value, and 100% of lenders by numbers, as […]

Buy Bharti Airtel, target price Rs 620: Motilal Oswal

Motilal Oswal has a buy rating on Bharti Airtel with a target price of Rs 620( an upside of 44 per cent over a CMP of Rs 429 ). The brokerage sees limited impact of Covid-19, currency and crude price swings on the Bharti stock and believes that it is best hedged to face regulatory […]