Telecom Stocks Outlook For The Week - 21 To 25.01.2019

Telecom Stocks Outlook For The Week - 21 To 25.01.2019

             Equity Cash/Futures/Options Segment 

Reliance Jio Infocomm Ltd's stellar earnings for the December quarter and indication that the company may continue to focus on subscriber addition may put pressure on stocks of Bharti Airtel and Vodafone Idea next week. The Reliance Industries Ltd subsidiary posted a net profit of 8.31 bln rupees for Oct- Dec, up 22% on quarter, while its quarterly topline crossed 100 bln rupees in just the sixth full quarter of commercial operations. Bharti Airtel will announce its earnings on Jan 31, while Vodafone Idea is still to give a date. For Reliance Communications, the Department of Telecommunications' approval for its spectrum sale to Reliance Jio will be a key trigger. Telecom stocks may also take cues from the broader market, where the focus remains on the Interim Budget on Feb 1.

Source : Cogencis Information Services Ltd.

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