Telecom Stocks Outlook For The Week - 02 to 06.04.2018

Telecom Stocks Outlook For The Week - 02 to 06.04.2018

             Equity Cash/Futures/Options Segment 

 The movement in the telecom sector next week is likely to be company specific as there are no major triggers for companies before the JanMar earnings are released in April. A major sector wide development expected in the near term is the release of the draft National Telecom Policy, and the government also plans to release its roadmap for rollout of 5G services by June. We retain a negative outlook on the sector for the near to medium term on account of persistent pressure on tariff which started in September 2016 with the launch of Reliance Jio Infocomm Ltd's services. The new entrant's parent Reliance Industries may also continue to see some weakness in its stock next week.

 Source : Cogencis Information Services Ltd.

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