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The tenure of the bonds is 2 years and 365 days from the deemed date of allotment of the bonds, which is February 15, 2022. The bonds are set to mature on February 14, 2025.

Client and vertical concentration risks and lower-than-guided margins remain key risks for the company, said ICICIdirect, which did not assign any rating to the stock.

Airtel is strongly positioned to capitalise as the industry goes through a repair process. Based on telecom regulator data, Airtel has gained 450-500 bps revenue market share in the past four quarters. Its 4G net adds of 30 million in the past 12 months have exceeded both Jio and Vodafone Idea, UBS noted.

"Now there is an opportunity to get the themes that one likes, stocks that one likes and wait for a price which one is most comfortable with. One never always gets the bottom or the absolute price that one is looking for, but have that framework ready to go and make these purchases. One theme to play is the IT services space which has corrected quite a bit. The other is the banking sector, which has capital and some sprinklings of growth and reasonable valuations."

As of 31-Dec-2021, promoters held 14.72 per cent stake in the company, while FIIs held 26.08 per cent and domestic institutional investors had 25.16 per cent.

The stock quoted a 52-week high price of Rs 754.1 and a 52-week low of Rs 528.05.

"Japanese market rebounded from a sharp fall in the previous session because the U.S. market jumped overnight," said Takatoshi Itoshima, strategist at Pictet Asset Management.

The blue-chip CSI300 index was up 0.39%, with its financial sector sub-index higher by 0.82%, the real-estate index up 1.66% and the healthcare sub-index up 0.25%.

A total of 3,104 shares changed hands on the counter till 01:46PM (IST)

The Relative Strength Index of the stock stood at 40.01 on Wednesday.