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MTNL shares rise 29% in four sessions; what’s fuelling the telecom stock rally?
On Tuesday, MTNL shares ended higher for the fourth straight session at ₹53.35, up 8.9% on the BSE, with a mcap of ₹3,361 crore.
On Tuesday, MTNL shares ended higher for the fourth straight session at ₹53.35, up 8.9% on the BSE, with a mcap of ₹3,361 crore.
Hashtags such as 'BoycottJio' and 'BSNL ki Ghar Wapsi' (Homecoming of BSNL) have been trending on social media platform X.
Jio has acquired the right to use spectrum in the 1800 MHz band in Bihar and West Bengal for ₹973.63 crore.
The company says it has long-term relationships with some of the top ISPs and telecoms firms in Europe.
Over 1,636 crore new equity shares of Vodafone Idea allotted to investors under the FPO were listed on the exchanges today.
The ₹18,000 crore FPO of Vi, the largest so far by an Indian company, was overall subscribed 6.36 times, led by QIBs and NIIs.
Post listing, Bharti Hexacom shares surged as much as 35% to hit a high of ₹769 on the NSE, while it touched a high of ₹768.95 on the BSE.
A fictitious and satirical take on the predicament of a troubled telecom operator
The board of Vi has approved an issuance of up to 139.5 crore equity shares at an issue price of ₹14.87 per equity share to Oriana Investments, an entity under the Aditya Birla Group.
The 5G capital expenditure cycle of Reliance Industries is expected to conclude soon.