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  1. Stocks to watch today: Bharti Airtel, Reliance, Vodafone Idea, SBI and more

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Stocks to watch today: Bharti Airtel, Reliance, Vodafone Idea, SBI and more

Kamal Joshi

2 min read | Updated on June 27, 2024, 09:03 IST

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SUMMARY

Several firms, including Bharti Airtel, Reliance, Vodafone Idea, SBI and AU Small Finance Bank have made significant announcements in their exchange filings.

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Stocks to watch on June 27

The GIFT NIFTY (-0.2%) is trading lower, indicating a subdued start for the Indian stock exchanges on Thursday, June 27. The Asian markets were also trading in the red. Japan's Nikkei 225 fell 1%, while Hong Kong's Hang Seng index is down over 1%.

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Stocks to watch on June 27

Bharti Airtel: The telecom major acquired 97 Megahertz (MHz) spectrum in the 900 MHz, 1800 MHz, and 2100 MHz frequency bands through the auction for ₹6,857 crore.
Reliance: In the spectrum auction conducted by the government, Reliance Jio acquired additional spectrum in the 1800 MHz band in West Bengal and Bihar for ₹973.63 crore.
State Bank of India: On Wednesday, the country's largest lender raised ₹10,000 crore at a coupon rate of 7.36% via its fifth infrastructure bond issuance. The issue received a strong response from investors with bids in excess of ₹19,884 crore. It was oversubscribed around four times against the base issue size of ₹5,000 crore.
Vodafone Idea: Vodafone Idea acquired 50 MHz of spectrum across low-band and mid-band spectrum (900 MHz, 1800 MHz, and 2500 MHz) in 11 circles at a total commitment of ₹3,510 crore in the spectrum auction concluded on Wednesday.
KEC International: The global infrastructure engineering, procurement and construction (EPC) major has bagged new orders worth ₹1,025 crore in transmission and distribution (T&D) and cables businesses.
AU Small Finance Bank: The Board of AU Small Finance Bank will consider raising funds by issuing shares via qualified institution placement (QIP), private placement, preferential allotment, or any other mode.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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