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Telecom shares fall
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Telecom stocks edge lower
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HFCL Ltd Slides 3 64%
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Telecom stocks were trading with losses, with the S&P BSE Telecom index decreasing 19.6 points or 1.42% at 1363.33 at 13:49 IST. Among the components of the S&P BSE Telecom index, Bharti Airtel Ltd (down 1.88%), Tata Communications Ltd (down 1.3%),Reliance Communications Ltd (down 1.13%),Indus Towers Ltd (down 1.12%),Vodafone Idea Ltd (down 0.93%), were the top losers. Among the other losers were Sterlite Technologies Ltd (down 0.26%), and OnMobile Global Ltd (down 0.1%). On the other hand, HFCL Ltd (up 12.9%), Vindhya Telelinks Ltd (up 9.82%), and Tejas Networks Ltd (up 1.2%) turned up.
At 13:49 IST, the S&P BSE Sensex was up 634.04 or 1.3% at 49366.59.
The Nifty 50 index was up 190.35 points or 1.3% at 14868.15.
Reliance Communications Ltd has lost 2.87% over last one month compared to 1.98% gain in S&P BSE Telecom index and 0.56% drop in the SENSEX
Reliance Communications Ltd lost 2.31% today to trade at Rs 1.69. The S&P BSE Telecom index is down 0.16% to quote at 1384.42. The index is up 1.98 % over last one month. Among the other constituents of the index, Indus Towers Ltd decreased 1.22% and Tata Communications Ltd lost 0.19% on the day. The S&P BSE Telecom index went up 19.79 % over last one year compared to the 57.05% surge in benchmark SENSEX.
Reliance Communications Ltd has lost 2.87% over last one month compared to 1.98% gain in S&P BSE Telecom index and 0.56% drop in the SENSEX. On the BSE, 8.49 lakh shares were traded in the counter so far compared with average daily volumes of 76.78 lakh shares in the past one month. The stock hit a record high of Rs 4.33 on 29 Jul 2020. The stock hit a 52-week low of Rs 0.76 on 01 Jun 2020.