Telecom Stocks Outlook for the week – 31.08.2015 to 04.09.2015
(Seen
recouping losses next week)
Shares
of telecom companies are seen bouncing back next week after getting hammered
over the last two weeks. Improving fundamentals induced by higher usage of data
services and more regulatory certainty spectrum sharing allowed being one of
them is seen driving the shares.
While
the broader indices, BSE Sensex and NSE Nifty lost around 3.5% each, most
telecom shares shed in excess of 5%. Technically, Bharti Airtel Ltd's scrip may
face resistance around the 380-rupee level and support around 340 rupees.
