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Updated Mar 01, 2021 | 09:09 IST
Telecom stocks will be in focus as the spectrum auctions begin today, also watch out for auto stocks as February sales data will pour in during the day. Stocks to track in trade for March 1, 2021: Jio, Bharti Airel, RIL, Nestle, IOC, Tata Chemicals | Photo Credit: BCCL
Reliance Jio, Vodafone, Bharti Airtel
The spectrum auction Begins today and on the block is 2,251 MHz of spectrum reserve price of Rs 3.92 trillion. Spectrum in bands 700MHz, 800MHz, 900MHz, 1,800MHz, 2,100MHz, 2,300MHz and 2,500MHz available and analysts expect ow competition intensity as there is sufficient spectrum and that RJio/Bharti/VIL need to spend Rs 280b/Rs 129b/Rs83b at the reserve price to renew their existing spectrum.
Bharti Airtel to decide on bond issuance on or after 23 Feb
A Bharti Airtel office building
(REUTERS)
After meeting global investors, the deal may or may not follow, the board clarified
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Telecom major Bharti Airtel on Monday said it will meet global fixed income investors on or after February 23, post which the company will take a final decision on the issuance of foreign currency bonds, subject to market conditions.
The Bharti Airtel board had earlier this month approved fundraising plan of up to ₹7,500 crore via debt instruments such as debentures and bonds, in one or more tranches.