Telecom Stocks Outlook For The Week - 29.10.2018 To 02.11.2018
Stocks of telecom companies may continue to be subdued next week because their subscriber base and financials are expected to remain under pressure from lower tariff and JioPhone of Reliance Jio Infocomm Ltd. Despite the profit for Bharti Airtel, there is not much craze for the stock as their ARPU (average revenue per user) is still falling. There is no demand for telecom stocks among institutional investors. Bharti Airtel posted a consolidated net profit of 1.2 bln rupees for the September quarter. However, it was the 4.5% fall in ARPU to 101 rupees which was a concern. The imminent launch of Reliance Jio's fibre-to-the-home broadband service 'JioGigaFiber', and a tariff war there could also cripple Bharti Airtel's fibre broadband operation 'Airtel Homes'. Vodafone Idea is yet to declare its date for Jul-Sep earnings, and investors are likely to look at the company's strategy post merger. Vodafone India and Idea Cellular completed their merger on Aug 31 to form India's largest mobile operator.
Source : Cogencis Information Services Ltd.
Free Stock Options :Register To Get 2 days Trial Tips
Equity Cash/Futures/Options Segment
Register for Daily Rs 2000/- Profit in Stock Options
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Stocks of telecom companies may continue to be subdued next week because their subscriber base and financials are expected to remain under pressure from lower tariff and JioPhone of Reliance Jio Infocomm Ltd. Despite the profit for Bharti Airtel, there is not much craze for the stock as their ARPU (average revenue per user) is still falling. There is no demand for telecom stocks among institutional investors. Bharti Airtel posted a consolidated net profit of 1.2 bln rupees for the September quarter. However, it was the 4.5% fall in ARPU to 101 rupees which was a concern. The imminent launch of Reliance Jio's fibre-to-the-home broadband service 'JioGigaFiber', and a tariff war there could also cripple Bharti Airtel's fibre broadband operation 'Airtel Homes'. Vodafone Idea is yet to declare its date for Jul-Sep earnings, and investors are likely to look at the company's strategy post merger. Vodafone India and Idea Cellular completed their merger on Aug 31 to form India's largest mobile operator.
Source : Cogencis Information Services Ltd.
Free Stock Options :Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
