Telecom a relative outperformer: UBS Securities

Expect telecom to be a relative outperformer, says Suresh Mahadevan of UBS Securities.

Mahadevan told CNBC-TV18, "Telecom is a good sector to be in especially given that the biggest positive there is pricing power seems to be coming back. So this quarter the monsoon quarter typically is a weak quarter for the telecom companies, there is a fair amount of seasonality just in this quarter and the next quarter is a good quarter. So given the pricing power emergence we are still looking for close to 2-3% kind of growth in the topline with margins kind of getting maintained for Idea."
He further added, "I think Bharti reports in early November and there also it