ETMarkets After Hours: Airtel bleeds, Avenue at lifetime high




Here’s a wrap-up of top stocks and sectors that caught investors’ fancy on Tuesday. NSEBSEAirtelLoading data…

    ADD TO PORTFOLIO

    ADD TO WATCHLIST

    SHARE YOUR OULOOK

    EXPAND

    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESPhoenix Mills LtdLoading data…

      ADD TO PORTFOLIO

      ADD TO WATCHLIST

      SHARE YOUR OULOOK

      EXPAND

      ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESCoal IndiaLoading data…

        ADD TO PORTFOLIO

        ADD TO WATCHLIST

        SHARE YOUR OULOOK

        EXPAND

        ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESCareer PointLoading data…

          ADD TO PORTFOLIO

          ADD TO WATCHLIST

          SHARE YOUR OULOOK

          EXPAND

          ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESBharti AirtelLoading data…

            ADD TO PORTFOLIO

            ADD TO WATCHLIST

            SHARE YOUR OULOOK

            EXPAND

            ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESBharti AirtelAirtelEXPAND TO VIEW ALL NEW DELHI: Recovering from Monday’s selloff, the domestic equity market made decent gains, thus ending Tuesday’s session in the positive territory amid heavy buying in energy, financials and auto sectors.

            North Korean tension appeared a bit contained as stocks across the globe showed signs of recovery.

            On Tuesday, the S&P BSE Sensex gained 107 points to close the session at 31,809 with state-run Coal India being the top gainer (up 3 per cent) and telecom major Bharti Airtel (down 2 per cent) the worst laggard.

            On similar lines, the broader Nifty50 index of the National Stock Exchange (NSE) surged 39 points to close the session at 9,952, with 31 constituents ending in the green and 20 in the red.

            Here’s a wrap-up of top stocks and sectors that caught investors’ fancy on Tuesday:

            On a high!
            Shares of Avenue Supermarts, the parent of hypermarket chain D-Mart, hit an all-time high of Rs 1,094 apiece ahead of its AGM on Wednesday. The stock has been investors’ favourite since the time it got listed in March 2017. The stock has been on a record-breaking spree since then. Recently, it hit a milestone by crossing the Rs 60,000 crore m-cap. The stock eventually closed the session at Rs 1,080 apiece, up 6 per cent on BSE.

            Just Dial gains post block deal
            Shares of Just Dial settled over 1 per cent higher after 5.04 per cent of equity were traded in a block deal at Rs 377 per share. The stock closed at Rs 385 apiece, up 1.06 per cent.


            Teacher’s Day effect?
            Shares of Kota, Rajasthan-based education company Career Point, jumped over 16 per cent. The company has recently signed six new agreements in tutorial division including 3 School Association Projects and 3 new Franchisee Centers at multiple locations. The School Association Projects are with Indian Space Research Organisation at Sriharikota (Andhra Pradesh), a unit of the Indian Army at Mathura (Uttar Pradesh) and Gramonnati Mandal at Narayangaon (Maharashtra). The stock closed the session at Rs 142.50 apiece, up 16.42 per cent on BSE.

            Bharti Airtel bleeds
            Telecom major Bharti Airtel plunged over 4 per cent, its lowest since July 12 after Delhi High Court dismissed Vodafone India’s plea asking for more clarity on how Trai would decide whether to lower the interconnect usage charge (IUC). Reports said Trai is considering lowering the IUC – the charge paid by the operator of the network from where a call originates to the telco where it terminates – to 7-8 paise from the current charge of 14 paise. The stock ended at Rs 406.50 apiece, down 2 per cent.

            Kolte Patil spikes 16 per cent
            Shares of Pune-based real estate builder Kolte Patil surged over 17 per cent. The company recently sold a land parcel in Pune’s Wakad suburb to Island Star Mall Developers, an investment platform of Phoenix Mills Ltd and Canada Pension Plan Investment Board (CPPIB), for Rs 160 crore. The stock closed at Rs 186.25 apiece, up 14.37 per cent. In addition, the volumes hit a five-day high.




            Leave a Reply