/ Telecom Stocks Buzzing On Bourses Bharti Airtel Contributing 61% To Index Gains ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 27 January 2017

With Nifty and Sensex rallying in Friday's session, BSE Telecom index is outperforming the broader markets, and is the top gainer in the afternoon session, trading at 1170.82 levels, up by 18.48 points or 1.60%.

Heavyweight stock, Bharti Airtel is contributing 61% to the overall index gains, and is continuously gaining grounds on the bourses.

HFCL is up by 7.06%, GTL Infra is up by 4.26%, Tata Communications is up by 2.28% and Bharti Airtel is up by 1.97%, which are pushing the index even higher. Among the index constituents there are 10 advances and 5 declines. Himachal Futuristic Communications Ltd is currently trading at Rs 14, up by Rs 0.83 or 6.3% from its previous closing of Rs 13.17 on the BSE.

The scrip opened at Rs 13.2 and has touched a high and low of Rs 14.24 and Rs 13.2 respectively. So far 6492277(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1632.29 crore.

The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 22.2 on 02-Feb-2016 and a 52 week low of Rs 11.09 on 22-Nov-2016. Last one week high and low of the scrip stood at Rs 13.46 and Rs 12.86 respectively.

The promoters holding in the company stood at 38.97 % while Institutions and Non-Institutions held 11.11 % and 49.92 % respectively. The stock is currently trading above its 200 DMA.

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