Telecom Stocks Outlook For The Week - 12 To 16.11.2018
Shares of most telecom companies may rise further next week due to bargain buying following a
sharp fall over the last two years. Financials of older telecom companies like Bharti Airtel and
Vodafone Idea have been under pressure over the last two years due to intense competition from
new entrant Reliance Jio Infocomm, which has offered a sharply lower tariff. In the last one year alone, shares of Bharti Airtel have fallen 40.6% while those of Vodafone Idea, formed on Aug 31 from the merger of Vodafone India and Idea Cellular due to tariff war, have slumped 56.3%. However, with tariff still not showing a sign of rebound, the long-term outlook over telecom stocks remains bleak. For Vodafone Idea, the company's earnings on Wednesday would be a crucial trigger. The focus will be on the management's commentary over the merged entity's strategy.
Source : Cogencis Information Services Ltd.
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Shares of most telecom companies may rise further next week due to bargain buying following a
sharp fall over the last two years. Financials of older telecom companies like Bharti Airtel and
Vodafone Idea have been under pressure over the last two years due to intense competition from
new entrant Reliance Jio Infocomm, which has offered a sharply lower tariff. In the last one year alone, shares of Bharti Airtel have fallen 40.6% while those of Vodafone Idea, formed on Aug 31 from the merger of Vodafone India and Idea Cellular due to tariff war, have slumped 56.3%. However, with tariff still not showing a sign of rebound, the long-term outlook over telecom stocks remains bleak. For Vodafone Idea, the company's earnings on Wednesday would be a crucial trigger. The focus will be on the management's commentary over the merged entity's strategy.
Source : Cogencis Information Services Ltd.
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