The telecom commission has accepted the TRAI recommendations. The revenue share of 8% on tower companies would impact Bharti Airtel by Rs 5 per share and Idea by Rs 3 per share, pointed out Ganesh Duvvuri, Vice President of Instituional Equities Research at Edelweiss Capital. Edelweiss Capital has a buy call on both Bharti and Idea Cellular.
Ganesh Duvvuri, IT Analyst at Edelweiss, in an exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, says: "MphasiS' management in India is unwilling at HP’s suggested margins."
The telecom sector has been bleeding in trade hit by the recent TRAI recommendations on excess 2G pricing. If these recommendations fructify, Bharti and Idea could see a cut of Rs 33 a share each including all one offs, said Ganesh Duvvuri of Edelweiss Capital.
The IT sector will soon kick start the earnings season. Sandip Agarwal of Antique Stock Broking and Ganesh Duvvuri of Edelweiss Capital, in an interview on CNBC-TV18, agree that TCS’ earnings growth will be slightly better than Infosys.