Brokerage house cites counter offers to Reliance Jio’s plans could hurt ARPUs going forward. Lowers revenue estimates by 10 percent for FY18-19, while EBITDA could be hit by 17-19 percent.
Ashish Chaturmuhta, vice-president, Derivates and Technical, at IIFL Private Wealth Management joins CNBC-TV18 to provide insight on the F&O moves and mood in the market.
There is a possibility that the company's tower deal will not go through. GTL was down 15% on Friday also. GTL is holding 37% stake in GTL Infra.
Kishore Narne, VP, Anand Rathi Commodities joins CNBC-TV18 to give his outlook on the market, now that the Indian rupee has touched a new high this month on a weakening dollar.