With India’s telecom sector witnessing rapid changes as Elon Musk’s SpaceX plans to enter India to offer Starlink’s high-speed internet services, extending ties with Bharti Airtel and Reliance, investors may face the dilemma of choosing between two of the biggest players in the industry. While Bharti has demonstrated strong resilience amid market fluctuations, Reliance continues … Read more
Traditionally, the September quarter is a seasonally weak one for the telecom industry. But, the last quarter of the current financial year has not conformed to the trend, proving to be favourable for most of the companies. Higher number of days in the last quarter, lower spectrum usage charges, tariff hikes, and lower fuel costs … Read more
Bharti Airtel, part of the telecom space, bounced back after retesting its crucial support, placed near Rs 640 levels for the fourth time so far in 2022. Short-term traders can look to capture the trend and buy now for a target of Rs 770, closer to its 52-week high of Rs 781 recorded on 24 … Read more
Hope is a very powerful emotion. But holding on to hopes of good days when a company is on the brink of bankruptcy is exactly the irrationality that market veterans have been warning of for generations. This is what happened with Vodafone Idea shares in the past week. Government burying retro tax led a surge … Read more