Telecom
Stocks Outlook for the week – 16 to 20.03.2015
( www.rupeedesk.in )
Stocks of telecommunications companies are seen trading
negative next week on profit booking after the frontline stocks substantially
rose during the current week. There was a lot of up-move in shares of Bharti
Airtel and Idea Cellular due to the reports on spectrum auctions; and some
correction can be seen in the shares next week. As the day 9 of spectrum
auctions ended, the government received commitments worth 1.02 trln rupees with
brisk bidding across the four bands--800 MHz, 900 MHz, 1,800 MHz and 2,100
MHz--put up for sale.
