GOLDEN RULES FOR TRADING

Telecom Stocks Outlook for the week – 19 to 23.10.2015 (Bharti Airtel, Idea to trade in narrow range)

Telecom Stocks Outlook for the week – 19 to 23.10.2015
Bharti Airtel, Idea to trade in narrow range

Stocks of major telecom companies are likely to trade in a narrow range next week after the Telecom Regulatory Authority of India directed mobile firms to compensate users for dropped calls. TRAI's decision on call drop issue is not good for the sector overall but may not impact Bharti Airtel much as the quantum of compensation is very less.

The expert also expressed apprehension over the implementation of the compensation proposal. Stocks of Idea Cellular are expected to trade in the negative zone. Outlook for Reliance Communications stock is likely to be positive as some media reports suggested that the company would sign a spectrum sharing agreement with Reliance Industries Ltd's telecom arm Reliance Jio Infocomm Ltd.