Telecom Stocks Outlook: 23-27.07.2012
Action is likely to be stock specific in the telecom sector next week with focus on earnings for Apr-Jun. Idea Cellular, which will announce its Apr-Jun earnings on Monday, is expected to report a net profit of 2.93 bln rupees, up 23% sequentially and 65% on year on account of growth in mobile tariffs and subscriber base. Tata Teleservices (Maharashtra) will announce its earnings for the quarter on Wednesday. Yesterday, the empowered group of ministers on spectrum recommended to the Cabinet 140-160 bln rupees as reserve price for 5 Mhz of pan-India GSM (global system for mobile communications) spectrum for the proposed 2G auction. Besides the reserve price, the ministerial panel is also learnt to have decided on spectrum usage charge of 3-6% of the company's adjusted gross revenue and allowed deferred payment option for the operators for the spectrum.Stocks of Idea Cellular are expected to trade with a positive bias. Bharti Airtel is seen trading with a bearish bias. Stocks of Tata Communications are expected to trade in the green in the coming sessions after the Cabinet approved the demerger of erstwhile VSNL's surplus 774-acre land into a special purpose vehicle. By RUPEE DESK [email protected] www.rupeedesk.in -- You received this message because you are subscribed to the Google Groups "Kences1- Rupeedesk" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/kences1?hl=en.
