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​Airtel saw a healthy 9% QoQ consolidated EBITDA growth driven by strong ~10% tariff-led ARPU improvement of India Mobile with a healthy 64% incremental EBITDA margin. It has witnessed 36% EBITDA CAGR over the last two years.

Majority of the brokerage houses are negative on the issue and have suggested investors to avoid it citing rich valuations and volatile financial performance. However, those who are positive, are suggesting it as a long term play only.

Dodla Dairy, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 3013.31 crore) operating in FMCG sector.

Strength in domestic equity markets and the Reserve Bank of India’s (RBI) recent heavy interventions to shield the rupee from excessive volatility also improved sentiment among currency traders.

“Having seen a fall of almost 13-14% at the index level and a much higher fall in the broader market, we are seeing a bit of a relief rally and it may last for maybe a couple of days but we are not expecting a sustained recovery in the broader market.”

Delhivery provides a full range of logistics services, including delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.

A total of 6,390 shares changed hands on the counter till 11:31AM (IST)

The Gujarat-based Venus Pipes & Tubes is a manufacturer and exporter of stainless steel pipes and tubes. It has one manufacturing plant located at Dhaneti (Kutch) with an installed capacity of 10,800 MT per annum.

Airtel shares, though, were marginally down 0.76% at Rs 702.20 in Wednesday morning trade, after initially jumping nearly 3% a day after the telco beat estimates with an almost 164% on-year rise in consolidated net profit for the fiscal fourth quarter, driven by sharp tariff hikes taken by its India mobile business last November, which helped boost average revenue per user (ARPU), strong user additions, and one-time gains.

The subscriber addition by Airtel, though, was lower than the historical average of 80 lakh to 1 crore, possibly due to the tariff hikes, Motilal Oswal said.