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Stocks of telecom service providers jump as govt to set up 100 labs to develop 5G applications

01 Feb 2023 Evaluate

Stocks of telecommunication service providers and telecom - Infrastructure providers gained traction, after the finance minister said that the government will set up 100 labs to develop 5G applications.

Bharti Airtel is currently trading at Rs. 777.00, up by 6.75 points or 0.88% from its previous closing of Rs. 770.25 on the BSE.

Reliance Industries is currently trading at Rs. 2356.80, up by 2.90 points or 0.12% from its previous closing of Rs. 2353.90 on the BSE.

HFCL is currently trading at Rs. 71.15, up by 1.80 points or 2.60% from its previous closing of Rs. 69.35 on the BSE.

ITI is currently trading at Rs. 103.95, up by 1.10 points or 1.07% from its previous closing of Rs. 102.85 on the BSE.

Peers
Company Name CMP
HFCL 268.70
Bondada Engineering 290.60
Pace Digitek 158.00
GTL Infrastructure 1.03
STL Networks 41.06
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