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The stock quoted a 52-week high price of Rs 5121.4 and a 52-week low of Rs 2261.0.

Wall Street banks, meanwhile, are intensifying preparations for tapering to ensure they are able to handle spikes in market volatility.

Analyst views came a day after Airtel reported a higher consolidated net profit of Rs 1,134 crore in the September quarter, helped by a one-time gain from a spectrum rights transfer to Reliance Jio, reduced finance costs and strong operating performance of its India mobile business.

“In 2007-2008, there were just about 10 million bulls. In 2012-2013, there were 20 million. By 2021, there are 70 million bulls! In the next three years, it will be anything between 150 and 200 million Indian bulls.”

On the technical charts, the 200-day moving average of the stock stood at Rs 221.66.

A total of 529,806 shares changed hands on the counter till 12:55PM (IST).

The stock quoted a 52-week high of Rs 724.5 and a 52-week low of Rs 399.4.

Analysts believe a strong order pipeline and increased focus on indigenous development of defence equipment bodes well for the company.

Trent Ltd. key Products/Revenue Segments include Readymade Garments, Other Operating Revenue and Rent for the year ending 31-Mar-2021.

A total of 110,872 shares changed hands on the counter till 10:56AM (IST).