Telecom Stocks Outlook for the week – 02 to 06.11.2015
Bharti,
Idea may remain in negative zone
Stocks
of major telecom companies are likely to continue with their muted run at the
markets
despite more than expected profit reported by country's largest telecom firm
Bharti
Airtel Ltd. The overall outlook for the sector is likely to remain weak, next
week.
The
scrip of Bharti Airtel is expected trade in the negative territory. As per the
analysts,
the
stock of Aditya Birla group company Idea Cellular Ltd may also trade in the
negative
zone.
Reliance Communications has begun discussions with Sistema Shyam Tele
Services
Ltd and Aircel Ltd for a merger.