/ Ways2Capital : Bharti Airtel & Idea Contribute Nearly 75% To BSE Telecom Index Gains ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 20 February 2017

BSE Telecom index is trading at 1,317.11 levels, up by 28.28 points or 2.2%.Tata Teleservices (Maharashtra) Ltd. is the top gainer in the Telecom index trading at Rs 6.42 per share, up by Rs 0.38 per share or 6.29%. Reliance Communications Ltd. is on the second position trading at Rs 34.85 per share, up by Rs 1.70 per share or 5.13%. Other Telecom stocks like MTNL, GTL Infra, Idea, CMI and On Mobile Global are also trading above 3% in Monday’s trading session.

Bharti Airtel is trading at Rs 377 per share, up by 2.03%. The company announced that the merger of Augere Wireless Broadband India Private Limited (Augere), a wholly-owned subsidiary into Bharti Airtel Limited (Airtel) has been completed. Idea is trading at Rs 109.65 per share, up by 3.58%. These two stocks contribute nearly 75% to the Telecom index gains.

Bharti Airtel Ltd is currently trading at Rs 377, up by Rs 7.5 or 2.03% from its previous closing of Rs 369.5 on the BSE. The scrip opened at Rs 369.5 and has touched a high and low of Rs 379.05 and Rs 369.5 respectively. So far 1119295(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 147703.93 crore.

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