Telecom Stocks Outlook for the week – 25 to 29.04.2016
(Bharti Airtel, Idea seen up ahead of
earnings)
( www.rupeedesk.in )
Stocks
of Bharti Airtel Ltd and Idea Cellular Ltd are seen trading up in the coming
week
as analysts expect positive Jan-Mar earnings for both the telecom service
providers.
Scrip of Reliance Communications Ltd is also likely to trade in the green on
the
news of company's spectrum sharing pact with Reliance Jio Infocomm Ltd. Department
of Telecommunications has approved Reliance Communications request to
share
800 MHz spectrum across nine circles with Reliance Jio Infocomm and its
wholly-owned
subsidiary Reliance Telecom Ltd.
The
spectrum sharing would also enable faster launch of the fourth generation
services
by
Reliance Jio in the nine circles. The company's Indian mobile revenue is
expected to
grow
3.7% on quarter and average revenue per unit is seen improving marginally to
193
rupees,
on quarter. These services have been in investment mode over the past 2-3 years
and are now translating
into deals.