The telecom company said it witnessed a decline in users following the announcement of tariff hikes for its mobile plans in November. The telecom giant said this could be due to the quality of the subscriber base or challenges in monetising its new plans.
Manishi Raychaudhuri of BNP Paribas sees earnings and economic growth soon. Companies catering to rural consumption would be the biggest beneficiaries of this growth. He also has a positive on private sector banks, cement and the IT sector.Equity investors should take defensive stance as correction looms large