The total income for the firm was reported at Rs 8,181.7 crore, lower than the previous quarter’s figures of Rs 8,194.5 crore.
According to average of estimates of analysts polled by CNBC-TV18, revenue is seen falling 0.94 percent sequentially to Rs 8,050 crore in Q1 but the pace of degrowth is likely to moderate after 6-7 percent fall seen in Q3 and Q4FY17.
Ashwani Gujral of ashwanigujral.com recommends buying Apollo Tyres, Idea Cellular and Dewan Housing Finance.
The deal, announced in March this year, will create the country's largest mobile phone operator worth more than USD 23 billion with a 35 percent market share.
Telecom stocks like Idea Cellular, Bharti Airtel, MTNL and Tata Communications will get astrological support, says Satish Gupta of astrostocktips.
JIOPhone would be available for testing from 15-August-2017 and pre-booking of JioPhone will start from 24-August-2017.
The Comptroller and Auditor General (CAG), in its latest report tabled in Parliament today, said its audit indicated "total understatement of adjusted gross revenue (AGR) of Rs 61,064.56 crore" by six operators.
Ashwani Gujral of ashwanigujralcom is of the view that one can buy Idea Cellular and Sun TV Network and advises buying Asian Paints.
Telecom Regulatory Authority of India Chairman R S Sharma said he met representatives of all service providers today and arrived at a consensus that fixing the floor price "is not a workable idea".
Ashwani Gujral of ashwanigujral.com recommends buying HPCL, Divis Laboratories, SPARC, Capital First, Idea Cellular and Welspun Corp.
Ashwani Gujral of ashwanigujral.com advises buying Glenmark Pharma, Bajaj Finserv and Idea Cellular.
Ashwani Gujral of ashwanigujral.com suggests buying CESC, Sintex and Indiabulls Housing and advises selling Idea Cellular on rally.
Any change in IUC has a direct impact on mobile call rates as the charge is taken into account while setting telecom tariffs.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Idea Cellular, GAIL India and Syngene.
Krish Subramanyam of Altamount Capital is of the view that one may buy Idea Cellular 85 Call and Sun Pharma July futures.
Sudarshan Sukhani of s2analytics.com suggests buying Mahindra and Mahindra, Infosys and HDFC and advises selling Cummins India and CESC.
Ruchit Jain of Angel Broking recommends buying Delta Corp with a target of Rs 178 and Tata Chemicals with a target of Rs 675.
According to Prakash Gaba of prakashgaba.com, support for Nifty is at 9600 and the Index has resistance at 9724 while Bank Nifty has support at 23350 and resistance at 23650.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Ceat with a target of Rs 1885.
Rakesh Bansal of RK Global is of the view that one may buy NHPC with a target of Rs 35.
Gaurav Bissa of LKP Securities advises buying Idea Cellular and Jet Airways.
Prakash Gaba of prakashgaba.com advises buying Idea Cellular.
Vodafone, on the other hand, said that call connect charge - currently at 14 Paise - is already "below cost" and any further cut in these inter-operator charges could hurt rural coverage.
In an attempt to resolve the debt crisis for the sector, the company suggested a floor price mechanism, say sources.
Sudarshan Sukhani of s2analytics.com advises shorting Idea Cellular and Dish TV India.