The latest analysis and commentary by stock market guru SP Tulsian of sptulsian.com on what is moving the markets today.
Talking about Telecom sector, he said, “I don’t think that this sector is really investment worthy. I am not seeing further deterioration seeing happening in case of the telecom stocks going forward, but I don’t think things will start improving because the biggest problem is the interconnect usage charges which is seen a big dampener for the existing players. That is going to come to zero maybe by 2020 which will keep continuous pressure. But that does not mean the respite will be seen for existing players though the telecom sector may stabilise per se. So, I won’t be taking buying call on any of the exiting players whether it is Bharti Airtel or whether it is Idea Cellular. ”