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.
Rashesh Shah, Chairman & CEO, Edelwiess Capital feels investors should buy telecom stocks with long term perspective.
Telecom stocks may see some rally from current levels, says Jagdish Malkani, Member- NSE & BSE.
S Naren, CIO Equity, ICICI Prudential feels that, telecom stocks are safe to be invested in.
Still high on the Friday hangover, the market has seen a good day at the start of this week. In the last one hour of the trade on Monday, the market witnessed a big uptake and is nudging 5,700 once again, says CNBC-TV18’s Udayan Mukherjee.
Exit telecom stocks, says Radhika Gupta, Director, Forefront Capital Management.
Sushil Kedia, FRM, CAIA, CMT, President - Association of Technical Market Analysts (ATMA), in an interview on CNBC-TV18, spoke about his reading of the market and his outlook going forward.