Stocks of Idea Cellular Ltd and Mahanagar Telephone Nigam Ltd are seen faring better this week. A long-term bet on the stock (Bharti Airtel) is too dicey. With the overall trend in the counter still being bearish. Investors' confidence in the sector remains negative on slew of mounting concerns, both on the regulatory front and fundamentals. Debt financing has become tough post the licence cancellation, and intermittent regulatory intervention in various operational matters has really dented investor confidence. Mahanagar Telephone Nigam, which has risen about 3.4% in the last one week, is expected to consolidate between 34-40 rupees and is seen better laced than Bharti Airtel.
Telecom Stocks Outlook: 10-14.09.2012
Stocks of Idea Cellular Ltd and Mahanagar Telephone Nigam Ltd are seen faring better this week. A long-term bet on the stock (Bharti Airtel) is too dicey. With the overall trend in the counter still being bearish. Investors' confidence in the sector remains negative on slew of mounting concerns, both on the regulatory front and fundamentals. Debt financing has become tough post the licence cancellation, and intermittent regulatory intervention in various operational matters has really dented investor confidence. Mahanagar Telephone Nigam, which has risen about 3.4% in the last one week, is expected to consolidate between 34-40 rupees and is seen better laced than Bharti Airtel.
