Revenues of large telecom companies have largely bottomed out, Bank of America Merrill Lynch (BoAML) said in a report.
With the market being filled with aggressive offerings since the launch of Reliance Jio last year, Idea Cellular said it will be giving 10GB of 4G data free to its existing and new customers for the first three months.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9300-9280 and resistance at 9400 while Bank Nifty has support at 22400 and resistance at 22700.
Telecom regulator Trai Wednesday stoutly defended its recommendation of Rs 3,050 crore penalty on Airtel, Vodafone and Idea Cellular for their alleged failure to provide adequate points of interconnect (PoIs) to newcomer Reliance Jio for completing phone calls.
Sebi has raised questions on the Idea Cellular- Vodafone merger scheme and has given the companies time till May 22 to respond to the queries.
The company already has the facility of 4G network at Bhiwadi, Bharatpur, Chomu, Ajmer, Sikar, Alwar, Jhunjhunu, Sawaimadhopur and Pushkar, Director - operations of the company P Laxminarayan said here.
Motilal Oswal is bullish on Idea Cellular has recommended buy rating on the stock with a target price of Rs 110 in its research report dated May 15, 2017.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Sobha and Tata Steel and sell Idea Cellular.
Edelweiss recommended hold rating on Idea Cellular with a target price of Rs 95 in its research report dated May 15, 2017.
Telecom major’s net loss beat expectations as net loss was seen at Rs 765 crore; revenues were in line with estimates of Rs 8,135 crore
According to average of estimates of analysts polled by CNBC-TV18, revenue is seen falling 6.1 percent sequentially to Rs 8,135 crore in the quarter ended March 2017.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9330 and resistance at 9500-9633 while Bank Nifty has support at 22750 and resistance at 23000.
Ashish Kyal of Waves Strategy Advisors advises selling Divis Laboratories Future with a target of Rs 610.
Both companies are in the process of hiring a selection committee led by Aditya Birla Group chairman Kumar Mangalam Birla, which will be responsible for appointing the CEO.
Gaurav Ratnaparkhi of Sharekhan advises buying India Cements with a target of Rs 223.
Vijay Chopra of Enoch Ventures is of the view that one may prefer Idea Cellular and Bharti Airtel.
According to Prakash Gaba of prakashgaba.com, one may hold Idea Cellular.
Ashwani Gujral of ashwanigujral.com recommends buying Exide Industries, Reliance Industries and Idea Cellular.
Upon completion of merger, Vodafone will transfer 4.9 per cent shares of merged entity to Aditya Birla Group for Rs 3,874 crore.
Overall deal activity in the January-March quarter witnessed an unprecedented three-fold year-on-year rise in value terms, driven solely by the Vodafone-Idea mega merger, which accounted for 80 per cent of the total values.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy ICICI Prudential Life and LIC Housing Finance and sell Idea Cellular.
According to CNBC-TV18 sources, nearly 3400 jobs losses have been reported in the last six months by telcos to cut down on costs and support falling margins.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Reliance Capital, Ashoka Buildcon, Bharti Airtel, Idea Cellular, MEP Infrastructure, Avenue Supermarts, and Adani Ports.
Ashwani Gujral of ashwanigujral.com suggests buying PVR, DCB Bank and JM Financial while he feels that M&M Financial may test Rs 380.