Telecom Stocks Outlook for the week – 09 to 13.Jun.2014
(www.rupeedesk.in)
(www.rupeedesk.in)
Major telecom stocks are expected
to consolidate their gains next week and trade with a
positive bias. Broad market is
also expected to trade with a bullish bias next week after it
touched new lifetime highs
yesterday, with the National Stock Exchange's 50-stock Nifty
ending at a record closing level
of 7583.40, up 109.30 points or 1.5%, after hitting a
lifetime high of 7592.70 points
intraday.
Trend for Idea Cellular is seen
bullish next week, after a successful Qualified Institutional
Placement by the company, which
was subscribed 1.5 times, with the company raising 30
bln rupees, according to reports.
The stock is seen gaining as much as 145 rupees, with
the potential of reaching further
highs.
