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As of 30-Sep-2021, promoters held 50.0 per cent stake in the company, while FIIs held 32.13 per cent and domestic institutional investors had 4.39 per cent.

The global crypto market cap declined by over 2 per cent to $2.36 trillion mark compared to the last day. However, the total crypto market volume zoomed about 5 per cent to $108.88 billion.

“Bharti Airtel has always maintained that the mobile Average Revenue Per User (ARPU) needs to be at Rs 200 and ultimately at Rs 300, so as to provide a reasonable return on capital that allows for a financially healthy business model,” Bharti Airtel said in a statement.

“Farm law repeal is irrelevant from the market standpoint. However, different lobby groups could become stronger and try to oppose moves on strategic disinvestment, privatisation and banking reforms.”

Credit Suisse, which has a neutral rating on RIL, said closure of the deal was a key catalyst for RIL.

On the technical charts, the RSI of the stock stood at 33.8.

The company is selling its shares in the range of Rs 655-690 during the three-day bidding process. According to the data from NSE, the issue attracted bids for 8,50,87,716 equity shares or 10.53 times as of 11.06 am. The company offered 80,79,491 equity shares in its initial stake sale.

“The tariff hike is a significant one that Bharti has taken and it should lead to significant improvement in ARPU and as well as the cash flows in the future.”

ISGEC Heavy Engineering Ltd., incorporated in the year 1933, is a Mid Cap company (having a market cap of Rs 4088.24 Crore) operating in Engineering sector.

“Focus will more be on the tariff increases that may come in the industry from the telecom business as well as the reactions and initial reports of the Jio Next phone in terms of how well it is received. Those will be the triggers for the next six months.”