New Delhi, Jan 17 | Smartphone brand realme has achieved a new milestone of 40 million shipments of its number series smartphones, a new report said on Monday.
According to Strategy Analytics, realme’s number series was ranked fourth as of Q3 2021 among the ‘New Age Smartphone Families’.
In Q3 2021, realme became the fastest brand ever to ship 100 million units globally.
“New Age Smartphone Families” are defined as smartphone product lines that have launched since 2018, including Reno from OPPO, iQoo from vivo and Galaxy M from Samsung.
“Our number series is aimed at young users across the world, and we have successfully brought in numerous tech innovations that have been well received by our users. We have some exciting plans to expand on our number series this year and bring in more disruptions in the industry,” said Madhav Sheth, CEO, realme India, VP, realme and President, realme International Business Group.
The realme Number series achieved this milestone in only 14 quarters as the realme 1 was launched in 2018.
As a 5G leader in India, realme is the first to bring a 5G phone into the Indian market, realme X50 Pro 5G in February 2019 and has become top 5G smartphone brand in India with a 23 per cent share in Q2 2021, according to Counterpoint Research.
The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.
While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.
Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.
Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.
On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.
Source: Choice India