Telecom Stocks Outlook for the week – 25 to 29.05.2015
Seen
down next week on inherent weakness
( www.rupeedesk.in )
Stocks
of major telecom companies are seen down next week on continued weakness in the
sector. There is no positive indicator in telecom sectors, the stocks are seen
negative only next week.
The Street will also watch the stocks of Anil
Ambani-led Reliance Communications Ltd's stocks, which will report its Jan-Mar
earnings on Friday. Analyst sees Reliance Communications reporting a 1% sequential
rise in its consolidated earnings before interest, taxes, depreciation and
amortisation to 18.7 bln rupees, despite a 2% quarter-on-quarter fall in the
company's revenues. For stocks of India's largest mobile services operator
Bharti Airtel, negative trading in the stock next week.
