Telecom Stocks Outlook for the week - 29.02.2016 to 04.03.2016
(Seen
trading sideways; investors cautious)
Telecom
stocks are seen trading sideways in the coming week, as
investors
remain cautious ahead of Union Budget 2016-17 (Apr-Mar).
Stocks
from the sector recorded relatively low rollovers to the March
derivatives
contracts, indicating investors remain cautious over the sector.
The
telecom sector has sought the removal of 0.5% Swachh Bharat cess
on
mobile services, among other demands from the Union Budget.
Companies
in the sector want the Budget to provide clarity that payments
made
by a telecom company to another during spectrum trading will not
attract withholding tax