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Stocks of Bharti Airtel Ltd and Idea Cellular Ltd are seen positive next week following strong Apr-Jun quarterly earnings, while Reliance Communications Ltd is seen weak post its dismal performance during the quarter. While Bharti Airtel's Apr-Jun result showed strong growth in the operational metrics of the company, Idea Cellular recorded a quarter-on-quarter and year-on-year growth of 50.1% and 97.6%, respectively, in its consolidated bottomline. Reliance Communications, however, reported a 64.4% on-quarter decline in its consolidated net profit for Apr-Jun. The Relative Strength Index for the stock is showing weak bias, with the most of the activities happening in the derivatives market than the cash market.
Stocks of Bharti Airtel Ltd and Idea Cellular Ltd are seen positive next week following strong Apr-Jun quarterly earnings, while Reliance Communications Ltd is seen weak post its dismal performance during the quarter. While Bharti Airtel's Apr-Jun result showed strong growth in the operational metrics of the company, Idea Cellular recorded a quarter-on-quarter and year-on-year growth of 50.1% and 97.6%, respectively, in its consolidated bottomline. Reliance Communications, however, reported a 64.4% on-quarter decline in its consolidated net profit for Apr-Jun. The Relative Strength Index for the stock is showing weak bias, with the most of the activities happening in the derivatives market than the cash market.
