Telecom Stocks Outlook For The Week - 30.07.2018 To 03.08.2018
Comments from Bharti Airtel Ltd's management that tariff pressure in the telecom sector is moderating may lift stocks of the company as well other telecom services operators next week. However, shares of Reliance Industries may come under pressure as the average revenue per user of
its telecom subsidiary Reliance Jio Infocomm declined for the third consecutive quarter. Investor will also keep a watch on Idea Cellular's earnings to be detailed on Monday. Apart from financial performance, a major trigger for the stock could be comments of the timeline for completion of its proposed merger with Vodafone India Ltd. The company is widely expected to report higher losses.
Source : Cogencis Information Services Ltd.
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Comments from Bharti Airtel Ltd's management that tariff pressure in the telecom sector is moderating may lift stocks of the company as well other telecom services operators next week. However, shares of Reliance Industries may come under pressure as the average revenue per user of
its telecom subsidiary Reliance Jio Infocomm declined for the third consecutive quarter. Investor will also keep a watch on Idea Cellular's earnings to be detailed on Monday. Apart from financial performance, a major trigger for the stock could be comments of the timeline for completion of its proposed merger with Vodafone India Ltd. The company is widely expected to report higher losses.
Source : Cogencis Information Services Ltd.
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