Sensex, Nifty Rebound After Monday's Free Fall Aided By Metals, I.T. Stocks
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.
KEY HIGHLIGHTS
CMS Info Systems IPO Subscription Status: Day 1 Live Updates
Godrej Consumer Jumps The Most In Over Seven Months As Analysts Welcome New CEO's Plans To Achieve Double-Digit Volume Growth
MapmyIndia Lists At 51.5% Premium On Market Debut
Strides Pharma's Biotech Arm Commissions Vaccine Manufacturing Facility In Bengaluru; Shares Advance
Wipro Climbs On Edgile Acquisition
Closing Bell
India's stock benchmarks bounced back after the sharp decline in the previous session. Both S&P BSE Sensex and NSE Nifty advanced, aided by gains in information technology, metals, realty and telecom stocks, amid concerns over the omicron variant and faster withdrawal of monetary stimulus by the U.S. Federal Reserve.
The S&P BSE Sensex rose 0.89% to 56,319.01. The 30-stock gauge rose nearly 2% in intraday trade and hovered in the vicinity of 57,000 before paring the gains. The NSE Nifty 50 also advanced by similar magnitude to 16,770.85. The 50-stock gauge rose above 16,930, just shy of the reclaiming the 17,000 mark in intraday trade after two sessions. The move was the biggest since rising 1.7% on Dec. 8 and follows the previous session's decrease of 2.2%. HCL Technologies Ltd. had the largest increase, rising 3.9%. Today, 39 of 50 shares rose, while 11 fell.
The broader indices outperformed their larger peers with S&P BSE MidCap and S&P BSE SmallCap adding over 1.25%. All the 19 sectoral indices compiled by BSE Ltd. advanced with S&P BSE Metal adding 3%. S&P BSE Consumer Durables and S&P BSE Basic Materials gained over 2%.
The market breadth was skewed in the favour of bulls. About 2,287 stocks advanced, 1,031 declined and 113 remained unchanged.
"Markets witnessed a decent rebound and gained nearly a percent, taking a breather after the recent fall. The benchmark opened with an uptick and inched further higher however selling pressure in the latter half trimmed the gains", Ajit Mishra, VP - Research at Religare Broking Ltd. wrote in a note. He added "the updates on the new variant are keeping the choppiness high globally and we expect this trend to continue in the near future. Among the sectors, only the IT pack has been showing a steady uptrend while others are trading mixed. In case of a further rebound, Nifty would face a hurdle around the 17,000-17,150 zone. Participants should limit leveraged positions until we see some stability".
S&P BSE Telecom Index Up Over 1.6%
Oil India Gains The Most In Nearly Two Months
Shares of Oil India Ltd. rose 8.70%, the biggest intraday gain in nearly two months, to Rs 187.4 apiece.
Trading volume on the stock was 59% above the 20-day average volume, for this time of the day.
The company trades at 4.4 times its estimated earnings per share for the coming year.
Analysts have 14 'buy', five 'hold' and three 'sell' recommendations on the stock. The overall consensus price of analysts tracked by Bloomberg implied an upside of 43%.
Source: Bloomberg
Mahindra Holidays Downplays Omicron Concern
In India, for the time being, we do not have as many omicron cases that we have seen elsewhere.
Occupancy is back to pre-pandemic levels and will likely hit upwards of 80% this quarter.
Not looking at omicron as a reason for us to derail our plans, domestic leisure is bound to grow.
Inflation does affect us, but I do not expect a dip in our margins.
-Kavinder Singh, CEO, Mahindra Holidays & Resorts India Ltd. in an interview to Bloomberg TV
Zee Entertainment, Network 18 Lead The Gains in NSE Nifty Media Index
Broader Indices Outperform Their Larger Peers
Sensex, Nifty Pare Some Of Their Gains
Gujarat Gas Climbs As Jefferies Maintains 'Buy' Rating Citing Strong Underlying Demand
Shares of Gujarat Gas Ltd. rose nearly 4%, the biggest intraday gain in over two weeks, to Rs 635.5 apiece after Jefferies maintained its 'buy' rating and target price citing that the underlying demand remained intact despite the near-term softness in volumes.
Jefferies
Maintains 'buy' recommendation, with the target price unchanged at Rs 830 apiece, an implied return of 35.71%.
Underlying demand could be strong at 8 mmscmd.
Morbi Ceramic Association expects demand to be ideally around 8.5 mmscmd.
About 75% of 50-60 plants which were expected to come online have already been commissioned.
Rise in prices has not resulted in decline in interest for Indian tiles .
Sharp price hikes taken by Gujarat Gas has resulted in improved margin outlook.
Of the 31 analysts tracking the company, 20 maintained 'buy', six maintained 'hold' and five maintained 'sell' recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 10.8%.
Vedanta Has 67.9 Million Shares Change Hands In One Block Deal
Vedanta Ltd. has 67.9 million shares, constituting 1.8% of equity, change hands in a block deal.
Details of buyers and sellers are not immediately known.
Source: Bloomberg
CSB Bank Empanelled As Agency Bank By The RBI
CSB Bank Ltd. has been empanelled as 'agency bank' by the Reserve Bank of India. This will allow CSB Bank to undertake general banking business of the central and state governments which may be entrusted by the central bank.
CSB Bank can now enter into agreement with state governments and central government departments for businesses like tax collections, pension payment, collection of stamp duty etc. CSB Bank is also eligible to handle transactions related to government business like TDS, GST, stamp duty, registration, property tax, value added tax and professional tax.
Source: Press Release by CSB Bank
PNB, Paisalo Sing Co-Lending Loan To Enable MSME Segment & Women Entrepreneurs
Paisalo Digital Ltd has signed a co-lending loan agreement with Punjab National Bank. The agreement is done to enable MSME segment and empower Agri, Allied Agri, women entrepreneurs and small businesses.
PNB-Paisalo co-lending platform will leverage on PNB's low cost of funds on the liability side and Paisalo's origination and rule engine underwriting capabilities on the asset side, the company said in an exchange filing.
All Constituents Of NSE Nifty IT Advance
Indian Oil Approves Rs 9,028 Crore Mundra-Panipat Crude Pipeline Project
Indian Oil Corporation Ltd. has approved the investment proposal of new crude oil pipeline system with a capacity of 17.5 million tonnes per annum, along with the augmentation of crude oil tank farm at Mundra at a cost of Rs 9,028 crore.
The project will meet the enhanced crude oil requirement needed due to capacity expansion of Panipat refinery from 15 MMTPA to 25 MMTPS.
The project is expected to be completed within 36 months.
Source: Exchange Filing
Chalet Hotels To Raise Rs 375 Crore From International Finance Corporation Via Bonds Issue
Chalet Hotels Ltd. has approved the offer of secured, unlisted, non-cumulative, redeemable and non-convertible debentures upto an amount of Rs 375 crore to International Finance Corporation on a private placement basis.
Source: Exchange Filing
European Markets Open Higher
Zee Entertainment Shares Rise The Most In Nearly A Month
Shares of Zee Entertainment Enterprises Ltd. rose as much as 5.70%, the biggest intraday gain in nearly a month, to Rs 350.4 apiece. The 90-day exclusivity period to conduct due diligence for the merger with Sony ended today.
Of the 22 analysts tracking the company, 16 maintained 'buy', five maintained 'hold' and one maintained 'sell' recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 6.9%.
Birla Tyres Approves Draft Scheme Of Arrangement To Restructure Debt
Birla Tyres Ltd. an approved a draft scheme of arrangement for internal reconstruction of the company. Birla Tyres seeks to restructure its debt and demerge its 'yet-to-operate' Passenger Car Radial Tyre Plant into a newly formed company.
In an exchange filing, the company said that the decision will enable debt reduction through monetisation of passenger car radial tyre plant and generate revenue from the running plant.
Source: Exchange Filing
Exide Industries To Set Up Multi-GigaWatt Lithium Ion Cell Manufacturing Plant, To Take Part In PLI For Battery Storage
Shares of Exide Industries Ltd. rose as much as 5.67%, the biggest intraday gain in nearly 15 weeks, to Rs 164.05 apiece after the company decided to participate in the PLI scheme for battery storage (advanced chemistry cell), as proposed by the government.
In its board meeting Tuesday, the company decided to set up a multi-gigawatt lithium ion cell manufacturing plant.
Of the 26 analysts tracking the company, 19 maintained 'buy', six maintained 'hold' and one maintained 'sell' recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 37.6%. Trading volume on the stock was 1.6 times the 30-day average volume, for this time of the day.
Mid-Day Market Update: Sensex, Nifty Advance; Tata Steel Top Gainer
India's stock benchmarks climbed higher, after yesterday's free fall, aided by metals, information technology, consumer durables and realty stocks.
The S&P BSE Sensex added over 1,000 points to 56,880.22, an 1.9% intraday increase. The NSE Nifty 50 also advanced by similar magnitude to 16,928.50. Tata Steel Ltd. had the largest increase, rising 4.2 percent. In midday trading, 48 of 50 shares rose, while 2 fell.
The broader indices almost mirrored their larger peers with the S&P BSE MidCap and S&P BSE MidCap gaining 1.9%. All the 19 sectoral indices compiled by the BSE Ltd. advanced, with S&P BSE Metal leading the gains, rising nearly 4%.
The market breadth was skewed in the favour of bulls. About 2,486 stocks advanced, 751 declined and 97 remained unchanged.
Latent View Sheds 17% In Two Sessions After The End Of Lock-In Period For Anchor Investors On Monday
Shares of Latent View Analytics Ltd. shed over 9% in intraday trade to Rs 486 apiece. The stock has fallen nearly 17% over the last two sessions as the lock-in period for anchor investors ended on Monday. The share of anchor shares to outstanding in the company stood at 7%.
Sensex, Nifty At Day's High; Metal, I.T. Stocks Lead Advance
Indus Towers Rises The Most In A Month
Shares of Indus Towers Ltd. rose 6.6%, the biggest intraday gain in a month, to Rs 253.5 apiece.
Trading volume on the stock was 1.5 times the 30-day average volume, for this time of the day.
Indus Towers trades at 12 times its estimated earnings per share for the coming year.
Analysts have 11 'buy', 11 'hold' and six 'sell' recommendations on the stock. The overall consensus price of analysts tracked by Bloomberg implied an upside of 17.9%.
CMS Info Systems IPO Subscription Status: Day 1 Live Updates
CMS Info Systems Ltd., India’s largest cash management company, kicked off its initial public offering on Tuesday.
The company promoted by private equity firm Barings Private Equity Asia will sell shares at Rs 205-216 apiece in the IPO—a pure offer for sale of Rs 1,100 crore by its promoter. It's seeking a market value of Rs 3,196.80 crore at the upper end of the price band.
Subscription Details: Day 1
The IPO was subscribed 0.33 times or 33% as of 3 p.m. on Dec. 21.
Institutional investors: 0 times.
Non-institutional investors: 0.01 times.
Retail investors: 0.66 times.
Rupee Bonds Extend Drop On Crude, RBI Cash Move
Indian bonds extend declines as crude price rebound adds to inflationary pressures in the oil importer nation. RBI’s move on Monday to withdraw liquidity for shorter tenor also weighed on debt. Rupee gains for a fourth day.
10-year yields rose 2bps to 6.46%; rose to 6.47%, highest since April 2020
5-year yield climbs 3bps to 5.79%
USD/INR falls 0.3% to 75.6950
Source: Bloomberg
Godrej Consumer Jumps The Most In Over Seven Months As Analysts Welcome New CEO's Plans To Achieve Double-Digit Volume Growth
Shares of Godrej Consumer Products Ltd. rose as much as 6.37%, the biggest intraday gain in over seven months since September 28, after analysts welcomed the company's focus on achieving double-digit volume growth following the interaction with the company's management during the business update webcast.
Godrej Consumer's new CEO Sudhir Sitapati's comments on the company's growth prospects and plans to attain double-digit volume growth were received well by the analysts with Jefferies claiming that the 'journey from good to great has begun' for the company.
Of the 36 analysts tracking the company, 27 maintained 'buy', seven maintained 'hold' and two maintained 'sell' recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 16.5%. Trading volume on the stock was three times the 30-day average volume, for this time of the day
India Shorter-Term Yields Rise
Shorter-term India sovereign securities declined in Tuesday morning trading.
The 4-year yield rose 7.1bps to 5.533%
The 10-year yield rose 2.5bps to 6.46%
The 20-year yield remained unchanged at 6.914%
The 4-year-10-year yield spread was 92.7bps, vs previous close 97.3bps
The NSE Nifty 50 Index rose 1.7%
Source: Bloomberg
Allied Blenders & Distillers Said To Mull IPO At $2.5 billion Valuation, Reports Bloomberg
BLOOMBERG EXCLUSIVE
Maker of Officer's Choice whiskey has initiated talks with advisers.
Company is planning to file preliminary documents in first quarter of CY2022.
No final decision has been reached regarding the valuation or timing of the potential IPO.
Source: People familiar with the situation
ITC Acquires 1,964 Preference Shares Of Delectable Technologies, Firm's Shareholding In Delectable Now 27.34%
ITC Ltd. has acquired 1,964 compulsorily convertible preferece shares of Rs 10 each of Delectable Technologies Pvt Ltd. in the third tranche, on Monday, the company said in an exchange filing.
With this acquisition, ITC's shareholding in Delectable comes up to 27.34% of the total share capital on a fully diluted basis.
Source: Exchange filing
Sensex Jumps Over 800 Points; Nifty Near 16,850
CESC Approves Raising Rs 100 Crore In Non-Convertible Debentures Via Private Placement
CESC Ltd. has approved the issue of 1,000 redeemable, rated, senior, secured, unlisted non-convertible debentures having a face value of Rs 10 lakh each, amounting to Rs 100 crore on a private placement basis.
Shares of CESC Ltd. rose nearly 3%, the biggest intraday gain in three weeks, to Rs 83.6 apiece. Of the 19 analysts tracking the company, 17 maintained 'buy' and two maintained 'hold' recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 29.4%.
Piramal Enterprises' Subsidiary Piramal Pharma Buys 27.78% Stake In Yapan Bio; Shares Advance
Shares of Piramal Enterprises Ltd. rose over 2.5% in intraday trade to Rs 2,514.5 apiece after the company said that its subsidiary Piramal Pharma Ltd. acquired 27.78% stake in Yapan Bio Pvt Ltd., for Rs 101.77 crore.
Yapan is a contract process development and manufacturing organisation in Hyderabad. It provides process development, scale-up and complaint GMP manufacturing of vaccines and biologics/bio-therapeutics for human clinical trials across the world. Yapan's turnover in FY21 was Rs 12.4 crore.
The investment is expected to broaden the service offerings of Piramal Pharma in the biologics CDMO space. Nandini Piramal, Chairperson of Piramal Pharma said that the expertise of Yapan will help Piramal Pharma develop and manufacture large molecules. She also added that the investment would aid the company's growth strategy.
All the seven analysts tracking the company maintained 'buy' recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 24.7%.
Source: Exchange filing, Bloomberg
SoftBank Group-Backed Snapdeal Files Preliminary Documents For India IPO
Snapdeal intends to raise Rs 1,250 crore through the sale of new shares.
In addition, existing shareholders including SoftBank plan to sell 30.77 million shares.
Source: Draft Red Herring Prospectus
MapmyIndia Lists At 51.5% Premium On Market Debut
MapmyIndia shares list at Rs 1,565, 51.5% premium to its IPO price of Rs 1,033, on the National Stock Exchange.
Strides Pharma's Biotech Arm Commissions Vaccine Manufacturing Facility In Bengaluru; Shares Advance
Shares of Strides Pharma Science Ltd. rose 5%, the biggest intraday gain in six sessions, to Rs 431 apiece after the company's biotech arm Stelis Biopharma Ltd. commissioned its large-scale integrated vaccine manufacturing facility in Bengaluru.
In an exchange filing, the company said that the facility was successfully inspected by Central Drugs Standard Control Organisation (CDSCO). Stelis has also secured an initial Export No Objection Certificate (NOC) from CDSCO. Stelis has export up to 50 million doses of Sputnik Light vaccine.
Stelis partnered with Russian Direct Investment Fund (RDIF) to produce and supply Sputnik Vaccine in March 2021. The company is on track to commercialise the vaccine for global markets in Q4FY22. The drug protect block of the facility is designed to produce up to 720 million doses in a year.
Of the seven analysts tracking the company, six maintained 'buy', one maintained 'hold' recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 40.8%. Trading volume on the stock was 3.4 times the 30-day average volume, for this time of the day
Source: Exchange Filing, Bloomberg
NSE Nifty Bank Index Up Nearly 1%
Analyst Actions: Apollo Hospitals
Apollo Hospitals Enterprise Ltd.: Motilal Oswal Securities initiated coverage of the stock with a recommendation of 'buy'; price target at Rs 5,900.
Source: Bloomberg
Metal Stocks Advance; All Constituents Of NSE Nifty Metal Index Rise
Larsen & Toubro To Purchase Stake In Intelliflux Controls Delaware
Larsen & Toubro Ltd. said that its wholly owned subsidiary Larsen & Toubro International FZE has entered into a share purchase agreement on Monday to purchase stake in Intelliflux Controls, a Delaware corporation.
Intelliflux Controls is an integrated water analytics platform that uses artificial intelligence/machine learning to optimise plant performance for water effluent treatment. The cost of the acquisition is $2 million and the number of shares acquired stood at 21,88,569.
Source: Exchange Filing
Realty Stocks Advance; NSE Nifty Realty Index Up Over 1.5%
Wipro Climbs On Edgile Acquisition
Shares of Wipro Ltd. rose 2.63% in intraday trade to Rs 683.45 apiece after the company agreed to buy U.S.-based Edgile for nearly Rs 1,745 crore.
This acquisition is part of the company's efforts to strengthen its cybersecurity services vertical.
The transaction is expected to be completed before March 31. Wipro will fully acquire Edgile while minority private equity investor in the company, Abry Partners will fully exit.
Edgile will develope Wipro CyberTransform suite to help enterprises enhance boardroom governance of cybersecurity risk and accelerate digital transformation.
Few months ago, Wipro had acquired Australian cybersecurity services provider, Ampion and cybersecurity practice at Capco, a consultancy in BFSI sector in Europe and the U.S.
Over the last week, Wipro has announced the acquistion of LeanSwift Solutions as well as Edgile.
Of the 47 analysts tracking the company, 20 maintained 'buy', 15 maintained 'hold' and 12 maintained 'sell' recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 3.3%.
Source: Exchange Filing, Bloomberg
Opening Bell: Sensex, Nifty Open Higher; Banking, Metal Stocks Advance
India's stock benchmarks bounced back from yesterday's free fall and opened higher, aided by banking, metals and realty stocks, amidst positive global cues as investors evaluate the impact of curbs due to omicron variant.
The S&P BSE Sensex rose 0.90% to 56,323.57. The NSE Nifty 50 index also advanced by similar magnitude to 16,769.90.
The broader indices almost mirrored their larger peers with S&P BSE MidCap gaining 0.65% and S&P BSE SmallCap adding 0.93%. Barring S&P BSE Oil & Gas, all the other 18 sectoral indices compiled by BSE Ltd. advanced with S&P BSE Realty index rising nearly 2%.
The market breadth was skewed in the favour of bulls. About 1,880 stocks advanced, 488 declined and 71 remained unchanged.
Rupee Bonds May Drop As Crude Prices Rebound
Indian bonds may extend declines as crude prices rebound to hurt the oil importer. Traders will await cutoffs at a Rs 16,098 crore sale of state debt.
10-year yields rose 2bps to 6.44% on Monday; 5-year yield climbed 4bps to 5.76% after the RBI announced a 3-day reverse repo auction on Monday to suck out liquidity.
USD/INR falls 0.2% to 75.9163 on Monday.
Global funds sold net Rs 3,570 crore of India stocks Monday: NSE.
They sold Rs 593 crore of sovereign bonds under limits available to foreign investors, and withdrew Rs 300 crore of corporate debt.
State-run banks bought Rs 3,110 crore of sovereign bonds on Dec. 20: CCIL data. Foreign banks sold Rs 917 crore of bonds.
Source: Bloomberg
What Experts Made Of Monday's Free Fall In Markets
India Cuts Base Import Duty On RBD Palmolein To 12.5% From 17.5%
Effective duty on RBD Palmolein, including other taxes, will be 13.75%, lower than 19.25% earlier.
Source: Government Notification
Analyst Actions: Godrej Consumer Products, Aditya Birla Fashion & Retail
Godrej Consumer Products Ltd. raised to 'buy' from 'hold' at Investec; price target at Rs 1,067.
Aditya Birla Fashion & Retail Ltd. raised to 'buy' from 'hold' at Anand Rathi Securities; price target at Rs 349.
Source: Bloomberg
IDBI Bank: Have Initiated Actions To Recover Outstanding Dues From Sanghavi Exports
IDBI Bank has said that it has exposure to Sanghavi Exports International Pvt. Ltd., but the current principal outstanding is only Rs 16.72 crore. In a response to a new article that stated that a default of Rs 6,710 crore has been made by a diamantaire group to IDBI Bank while also mentioning the name of Sanghavi Exports, the lender said that the news contained factual inaccuracies.
IDBI Bank also said that it has initiated requisite action to recover the outstanding dues from Sanghavi Exports.
Source: Exchange Filing
Reliance Jio Adds Nearly 31 Lakh Active Subscribers In October; Bharti Airtel Loses 7.6 Lakh Subscribers, Vodafone Idea Loses 14.1 Lakh Users
Wipro Intensifies Focus On Cybersecurity Services Vertical; To Acquire U.S.-Based Cybersecurity Firm Edgile For Rs 1,745 Crore
Cash Management Service Provider To ATMs CMS Info Systems IPO Opens Today
Strides Pharma's Biotech Arm Commissions Large Scale Vaccine Manufacturing Facility In Bengaluru; Company To Commercialise Sputnik Vaccine For Global Markets In Q4
Strides Pharma Science Ltd. said that its biotech arm Stelis Biopharma Ltd. has commissioned its large-scale integrated vaccine manufacturing facility in Bengaluru.
In an exchange filing, the company said that the facility was successfully inspected by Central Drugs Standard Control Organisation (CDSCO). Stelis has also secured an initial Export No Objection Certificate (NOC) from CDSCO. Stelis has export up to 50 million doses of Sputnik Light vaccine.
Stelis partnered with Russian Direct Investment Fund (RDIF) to produce and supply Sputnik Vaccine in March 2021. The company is on track to commercialise the vaccine for global markets in Q4FY22. The drug protect block of the facility is designed to produce up to 720 million doses in a year.
Source: Exchange Filing
SGX Nifty Hints At Opening Gains; MapmyIndia debut, Wipro, IRB Infra, RIL, Airtel In Focus
U.S. equity futures and Asian stocks rose as investors evaluated the impact of curbs against the omicron virus variant and the outlook for President Joe Biden’s stymied economic agenda.
Equities climbed in Japan and South Korea and fluctuated in Australia. Longer-maturity Treasuries maintained a drop.
India’s SGX Nifty 50 Index futures for December delivery rose 0.9% to 16,815.00, while MSCI Asia Pacific Index gained 0.9%. The NSE Nifty 50 Index fell 2.2% on Monday to 16,614.20.
The dollar was little changed and risk-sensitive currencies, such as those of commodity producers, held losses. Crude oil pared a tumble. Bitcoin hovered around $47,000 mark.
Back home, CE Info Systems' shares will debut after IPO. Foreign investors sold net Rs 840 crore of stocks on Dec. 17, according to NSDL website.
Stocks To Watch
MapmyIndia (CE Info Systems) to list on Tuesday. The issue was subscribed 154.7 times.
Wipro: Acquired cybersecurity consulting provider Edgile that focuses on risk and compliance, information and cloud security, and digital identity for Rs 1,745 crore.
IRB Infrastructure: The CCI approved acquisition of up to 16.94% equity share capital in the company by Bricklayers Investment (GIC).
RailTel: Received work order from DRDO worth Rs 68.3 crore. The entire work is to be completed in seven months.
Jubilant Ingrevia: Issued commercial papers of Rs 100 crore.
Hatsun Agro Products: Commercial operations at ice-cream manufacturing plant Telangana with a production capacity of 1 lakh kg per day commenced.
Bharti Airtel: Loses net 4,89,709 mobile users in October: TRAI
Reliance Industries: Reliance Jio adds net 17.6 lakh mobile users in October: TRAI.
Vodafone Idea: Loses net 9,64,245 mobile users in October: TRAI