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A total of 689,574 shares changed hands on the counter till 01:49PM (IST)

The stock rose to a high of Rs 196.80 as against the previous close of Rs 184.40 at previous close on the National Stock Exchange

“The financialisation of our country continues as the cost of capital structurally continues to go down. Focus on macro stories which are structural rather than cyclical macro stories.”

A total of 11,975 shares changed hands on the counter till 12:22PM (IST).

Repo rate change could wait for now in our view, though current yields are discounting aggressive rate hikes in India as well. There is a clear need for the RBI to invoke its open market operations (OMO) tool via Operation Twist (OT).

The Relative Strength Index of the stock stood at 55.64 on Wednesday.

The stock quoted a 52-week high of Rs 1063.75 and a 52-week low of Rs 590.25.

The Nifty Realty index closed 0.84 per cent down at 464.25.

The healthcare provider posted net loss of 8 crore during the same period of the previous year.

BofA Securities said: The increase in Airtel’s ARPU was led by pricing intervention and 4G customer addition, while Ebitda margins at 49.2% were also up 0.5 pps QoQ.