Friyay no more

Nifty50: 17,944 ▼ 91 (-0.5%)
Sensex: 61,002 ▼ 316 (-0.5%)

Hi there!

Love it or hate it, you can’t ignore it.

Pathaan has proved to be one of the biggest hits ever as it entered the ₹500 cr club in just 22 days!

That’s not all, this blockbuster’s worldwide collection is well above ₹900 crore. So, is the next pitstop ₹1,000cr?

Beyond the numbers, this SRK starrer not only made fans go berserk but also gave Bollywood the much-needed sanjeevani. 

To counter a movie that was released today, Yash Raj Films has declared Feb 17 as ‘Pathaan day’ as the ticket price has been slashed to ₹110 only!

From super duper hits to a dud..let’s get you updates from the markets today, which, to be honest, was kinda disappointing..

• The markets ended below 18,000-mark.
• Of the Nifty50 universe, 33 stocks declined.
• Profit booking was witnessed in IT and bank stocks.

All the Nifty sectoral indices ended lower except Oil & Gas (+0.3%). Realty (-1.8%) and PSU Bank (-1.6%) were the top losers.

What’s trending

⭐ Nestle India shares fall 

Shares of the FMCG company (-3.1%) dropped after its Q3 performance came in below street expectations. Experts highlighted that high prices meant the company sold lesser units in the quarter, which is a major concern. Meanwhile , the company has announced a dividend of ₹75 per share. Click to watch our video on why companies announce dividends. 

⭐ Railtel bags two orders 

Shares of the state-owned internet service provider (+1.3%) rose after it bagged two orders. These orders from Bangalore Metro Corporation are worth around ₹33 crore.

⭐ Minda buys stake in Pricol

Minda Corporation (-4.3%) has bought a 15.7% stake in Pricol (-4.6%) for ₹400 crore.  Pricol is an automotive and products manufacturer. This was an open market transaction and the average price of shares for acquisition was ₹208.   

⭐ Oil prices slip 

Oil prices (-2%) declined over the concerns of further rate hikes and signs of ample supply. US Fed officials have warned that additional hikes are needed to control inflation. This has sparked concerns of an economic slowdown, which could adversely affect the demand for oil.

In Focus

Data is new oil for telecom players

Are you someone who watches IPL matches or streams the latest shows on your phone while travelling back from your office? If yes, then this is exactly what your telecom operator is banking on.  

Facing a mountain of debt and dues, the Indian telecom industry has been under stress for the last few years. So, in a bid to improve the profitability or margins, domestic telecom players are now focused on driving growth through data consumption.  

Let’s take a look at how these telecom players are planning to make money while you  play (movies, music, sports etc). 

Banking on IPL

Telecom companies are banking on live sporting events like the Indian Premier League (IPL) to drive data consumption. The men and women’s IPL tournaments are all set to begin next month. This will provide an opportunity for telecom companies to push top-up packs, according to experts. 

High definition content

High definition (4k and 8k) content has been on the telecom companies’ radar for sometime. This is because higher the video quality, more is the data consumed. Reliance’s telecom arm, Jio, has introduced features like multi-camera views to improve viewer experience for live sporting events. These features were available during the recently concluded football world cup as well. Similarly, Airtel and Vodafone Idea are also beefing up their content libraries by adding podcasts and audio books, to increase data consumption. 

5G push

Indian telecom giants are set to spend an estimated $19.5 billion on 5G infra by 2025. Experts believe that data play is extremely important to monetise the large 5G investments. Creating a robust content pipeline of web series, movies, and music could provide impetus for the users to consume more data. In fact, Airtel recently launched an updated version of its video streaming service by partnering with 15 OTT players. This will allow users access to 10,500 movies, shows, and live channels.  

So, with the data play taking centre stage, don’t be surprised if telecom players further amp up their content offerings for you!

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