GOLDEN RULES FOR TRADING

Telecom Stocks Outlook for the week – 25 to 29.05.2015

Telecom Stocks Outlook for the week – 25 to 29.05.2015
 Seen down next week on inherent weakness
Stocks of major telecom companies are seen down next week on continued weakness in the sector. There is no positive indicator in telecom sectors, the stocks are seen negative only next week.

 The Street will also watch the stocks of Anil Ambani-led Reliance Communications Ltd's stocks, which will report its Jan-Mar earnings on Friday. Analyst sees Reliance Communications reporting a 1% sequential rise in its consolidated earnings before interest, taxes, depreciation and amortisation to 18.7 bln rupees, despite a 2% quarter-on-quarter fall in the company's revenues. For stocks of India's largest mobile services operator Bharti Airtel, negative trading in the stock next week.