Telecom Stocks Outlook for the week – 21 to 25.07.2014
(www.rupeedesk.in)
(www.rupeedesk.in)
Lack of triggers will see stocks of
major telecommunication companies tracking the
market trend next week. For Idea
Cellular, however, the trigger will be its Apr-Jun
earnings that will be detailed on
Monday. Telecom stocks have seen their stock of ups
and downs over the past two weeks,
with some like Reliance Communications and Tata
Communications falling around 14%
each, and then rising 5.2% and 6.6% respectively
this week. Idea Cellular, whose
stocks gained 2.9% this week, is expected to report a
5.5% quarter-on-quarter jump in
revenue for Apr-Jun, aided by a 1.4% rise in
subscribers, 1-2% increase in voice
and data prices, and higher voice and data traffic.
The Aditya Birla group-promoted
company's net profit is seen at 61.68 bln rupees, 4.6%
higher on quarter. The stock's
movement in the early part of next week will be determined by the results.
