Telecom Stocks Outlook For The Week - 03 to 06.10.2017
Telecom Stocks Outlook For The Week - 03 to 06.10.2017
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Stocks of telecommunication companies are expected to trade on a mixed note in the upcoming holiday-truncated week as investors may continue to remain cautious over the sector in the near term. Telecom companies are likely to track broader market for cues. The broader market is likely to remain in a range as investors will remain cautious ahead of several economic and sales data and the Reserve Bank of India's fourth bi-monthly monetary policy for 2017-18 (Apr-Mar). While the telecom commission's decision to double the tenure of payment installments for spectrum to 16 years is seen bringing some relief for the sector, the implementation of new interconnect usage fee would continue to weigh on it. The telecom commission is also expected to present the new policy by January. The Telecom Regulatory Authority of India had reduced the interconnect fee to 6 paise per minute from 14 paise per minute with effect from October. Idea Cellular and Bharti Airtel, who were disappointed with the decision,had today moved the high court challenging the order. The Bombay High Court, however, refused to grant stay on the regulator's decision. Seen up as rural sales rise The move to delay spectrum payment also may do little for telecom companies. They have too much debt. More needs to be done. In the near term, stocks of Idea Cellular are seen trading in a range of 75-85 rupees and those of Bharti Airtel are expected to trade between 360 rupees and 410 rupees.
Source : Cogencis Information Services Ltd.
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( www.rupeedesk.in )
Stocks of telecommunication companies are expected to trade on a mixed note in the upcoming holiday-truncated week as investors may continue to remain cautious over the sector in the near term. Telecom companies are likely to track broader market for cues. The broader market is likely to remain in a range as investors will remain cautious ahead of several economic and sales data and the Reserve Bank of India's fourth bi-monthly monetary policy for 2017-18 (Apr-Mar). While the telecom commission's decision to double the tenure of payment installments for spectrum to 16 years is seen bringing some relief for the sector, the implementation of new interconnect usage fee would continue to weigh on it. The telecom commission is also expected to present the new policy by January. The Telecom Regulatory Authority of India had reduced the interconnect fee to 6 paise per minute from 14 paise per minute with effect from October. Idea Cellular and Bharti Airtel, who were disappointed with the decision,had today moved the high court challenging the order. The Bombay High Court, however, refused to grant stay on the regulator's decision. Seen up as rural sales rise The move to delay spectrum payment also may do little for telecom companies. They have too much debt. More needs to be done. In the near term, stocks of Idea Cellular are seen trading in a range of 75-85 rupees and those of Bharti Airtel are expected to trade between 360 rupees and 410 rupees.
Bharti Airtel - Down
Idea Cellular - Down
Tata Comm - Up
Rcom - Down
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Source : Cogencis Information Services Ltd.
