Telecom Stocks Outlook for the week (14-18.01.2013)


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Telecom stocks are expected to see profit sales next week and trade with a weak bias after having traded at higher levels for several sessions.This week, the Department of Telecommunications sent demand notices to telecom companies for payment of one-time spectrum charge. Telecom companies such as Bharti Airtel Ltd, Vodafone India Ltd, Idea Cellular Ltd, Bharat Sanchar Nigam Ltd, Mahanagar Telephone Nigam Ltd among others now have to shell out close to 240 bln rupees as one-time spectrum charge. Telecom stocks started to trade with a bearish bias towards the end of this week, and this trend is expected to continue for the next two weeks.

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