Telecom Stocks Outlook for the week – 27 to 30.04.2015
( www.rupeedesk.in )
Outlook
for the telecom sector remaining negative, stocks of major telecom companies
are seen trading down next week, with the exception of market leader Bharti
Airtel, which is expected to remain positive.
However,
the market could indulge in some anticipatory trading in stocks of Bharti
Airtel and Idea Cellular, which will report their Jan-Mar earnings on Apr 28.
Idea
Cellular Ltd is expected to report a 10% sequential rise in its net profit for
the March quarter, with its margins receiving boost from lower prices of
diesel, which powers the company's telecom towers in remote areas.
Bharti
Airtel is seen reporting a 5% sequential growth in its net profit for the
quarter ended March with strong subscriber growth in the domestic market
driving voice and data volume.
