Buoyed by the improved growth prospects for telcos thanks to the tariff hikes, Investec also initiated coverage on Bharti Hexacom with a 'buy' call, forecasting a near 18 percent upside.
Stocks in the telecom sector have had a big rally today and some of it is in expectation that tariff hikes will follow in the voice segment as early as next week. In an interview to CNBC-TV18, GV Giri of IIFL said tariff hikes in the voice segment by next week is certainly possible in a more calibrated manner.
This is any present day mobile consumer's worst fear come true. Burdened by debts and unrelenting competition ...