|Company Name||Returns in Feb series (%)||Closing Price (23 Feb 2017)|
|Idea Cellular Ltd.||57.06||119.6|
|Bharti Airtel Ltd.||17.63||366.25|
|Bharat Heavy Electricals Ltd.||16.34||153.45|
|Reliance Industries Ltd.||16.26||1182.75|
|Axis Bank Ltd.||13.94||528.15|
Bharti Airtel's stocks started rally amid after its announcement to acquire Telenor India that gives the company additional spectrum in 1,800 MHz band. The company announced that it has entered into a definitive agreement with Telenor South Asia Investments (Telenor) to acquire Telenor (India) Communications (Telenor India).
In a recent development, Bharti Airtel, India’s largest telecommunication services provider entered into a definitive agreement with Telenor South Asia Investments Pte Ltd to acquire Telenor India Communications Private Limited which is subject to requisite regulatory approvals. The stock surged after this announcement. The stock acquired second position in the list of Nifty top gainers of February series.
Reliance Jio Infocomm Ltd.'s chairman announced on Tuesday that Jio has crossed 100 million customers with almost 7 customers added every second for past 170 days. Reliance Industries Limited touched its fresh 52-week high of Rs 1222 per share, up by Rs 14.50 per share or 1.20% in the morning hours of Thursday. Reliance group stocks gained after the announcement by Chairman Mukesh Ambani.
Nifty touched its fresh 52-week high of 8982.15 levels on February 23. Nifty closed higher for sixth consecutive trading session at 8939.50 levels, up by 12.60 points or 0.14%. Sensex closed at 28892.97 levels, up by 28.26 points or 0.10%.