Reliance Jio has extended its deadline for subscribing to Prime membership to April 15, 2017. Bhupendra Tiwary, Research Analyst, Telecom and Media at ICICI Direct shared his views on how Reliance Industries Ltd (RIL) would react today on the back of this newsflow and what the other incumbents could face like Bharti Airtel and Idea Cellular.
Acquiring Tikona’s spectrum assets is a good strategy and value accretive for Bharti, said Naveen Kulkarni of PhillipCapital.
Top 10 ideas are Vedanta, Tata Steel, Bharti Airtel, IRB Infrastructure, HCC, ITC, Zee Entertainment, Titan Company, Escorts and VA Tech Wabag, Kulkarni says.
Naveen Kulkarni of PhillipCapital is of the opinion that Reliance Jio finally becoming paid does not spell good news for incumbents. He instead says that the Rs 303 scheme introduced by Mukesh Ambani last week is very competitive and so will continue to maintain pressure on exisiting operators.
Mukesh Ambani continues to maintain a large amount of pressure on other telcom players, said Mahesh Uppal of Com First India. He expects further consolidation in market.
Within exports theme, top picks are Infosys, Sun Pharma, and Aurobindo Pharma, says Naveen Kulkarni of PhillipCapital.
Sanjay Manyal of ICICI Direct is positive on the stock on FMCG side. Food business is expected to grow at 15 percent plus compounded annual growth rate and will aid future growth for the company.
Naveen Kulkarni of Phillip Capital spoke about Bharti Airtel numbers. Commenting on a good set of numbers, he said they the telco‘s cost structure is was managed well.
Telecom operator Bharti Airtel's consolidated profit during July-September quarter declined marginally to Rs 1,461 crore from Rs 1,462 crore in previous quarter but that was far ahead of analysts' estimates on better-than-expected operational performance.
Reliance Jio, which is expected to shell out around Rs 9,000 crore at the auction, could have a significant impact on the financial performance of other telcos, Naveen Kulkarni, PhillipCapital says. Third quarter numbers are likely to reflect the amount of impact.
Naveen Kulkarni of PhillipCapital told CNBC-TV18 that there is pressure on the company's balance sheet but it is manageable and despite the 52-week low, he does not see much downside in the stock price of Idea Cellular from current levels.
Bharti Airtel's first quarter results hint the company is now focusing more on efficiency and profitability than making it voluminous, says Prakash Diwan of prakashdiwan.in.
Naveen Kulkarni, Telecom Analyst at Phillip Capital recommends buying Bharti Airtel and and Idea Cellular.
Speaking to CNBC-TV18 Naveen Kulkarni of PhillipCapital said that the impact on Idea Cellular will be limited. Idea Cellular doesn't have spectrum in the 2300 MHz band, and hence it will be little impacted, says Kulkarni.
Kulkarni expects large-cap stocks to perform better than mid-cap growth stocks. "We value the Nifty at 18x FY18 earnings per share at 9,900, implying an upside of 16 percent from current levels," he says.
Though Relaince Jio is going to benefit from the current decision, Bharti Airtel is even more poised to take the 4G battle ahead, said Prakash Diwan of prakashdiwan.in.
Enterprises have been constantly challenged by the rapidly evolving technology curve. While being prepared for new-age business goals, they are ...
Naveen Kulkarni, co-head, research at Phillip Capital is of the view that JSW Steel is the top pick from the metal space.
According to Naveen Kulkarni, co-head, research at Phillip Capital, one can pick ICICI Bank, Axis Bank and State Bank of India.
Naveen Kulkarni, co-head, research at Phillip Capital is of the view that Aurobindo Pharma and Biocon are the top picks from the pharma space.
Prayesh Jain of IIFL says the chairman's vision is like magnum opus but one will have to wait and see how it pans outs. "We will have to wait for the numbers to start trickling in. It will take atleast another year for the numbers to come in, only then will more clarity emerge on the valuation front," he adds.
The fourth quarter numbers are not reflective of the price hike that ITC undertook after the increase in excise duty, says Naveen Kulkarni of PhillipCapital. Sources on the ground say, this has resulted in further decline in volumes, he adds.
Both Idea Cellular and Bharti Airtel reported their fourth quarter earnings Tuesday. While Idea posted robust set of numbers, Bharti disappointed as profits and revenues missed estimates. In an interview to CNBC-TV18, Naveen kulkarni, Co-Head of Research at PhillipCapital, analyses their numbers.
In an interview to CNBC-TV18, Naveen Kulkarni of Phillipcapital shares his views on ITC after the stock took beating led by excise duty hike on cigarettes in the Union Budget Saturday.
Naveen Kulkarni of PhillipCapital does not think Idea Cellular and Vodafone will bid aggressively for the 2100 MhZ band. Bharti will be active in the space, he adds.