Welcome Guest Login | Register | Site Map | | Make TelecomTiger my homepage     
Telecom News
Enterprise |  Policy & Regulation |  Mobiles & Tabs |  Corporate |  VAS |  People Movement  |  Technology  |  LTE
Enterprise
Majority of telecom stocks fall, but RCom, Bharti Airtel hold up
TT Correspondent |  |  13 Aug 2018

A majority of telecom stocks were incurring losses in afternoon trade on Monday.

However, gains in Reliance Communications (up 4.87 per cent), Vindhya Telelinks (up 1.78 per cent), Bharti Airtel (up 1.07 per cent), GTL (up 0.99 per cent) and Tejas Networks (up 0.46 per cent) restricted the fall for the sectoral index.

The S&P BSE Telecom index was trading flat at 1,172 around 01:20 pm.

GTPL Hathway (down 3.20 per cent), OnMobile Global (down 2.55 per cent), Himachal Futuristic Communications (down 2.03 per cent) and Idea Cellular (down 2.02 per cent) were the top losers in the telecom index.

Bharti Infratel (down 1.28 per cent), Aksh Optifibre (down 1.26 per cent), Mahanagar Telephone Nigam (down 0.96 per cent), Tata Communications (down 0.71 per cent), Sterlite Technologies (down 0.69 per cent), GTL Infrastructure (down 0.68 per cent) and ITI (down 0.64 per cent) too were among the losers.

The BSE Sensex was 116 points down at 37,753, while the NSE Nifty50 index was down 36 points at 11,393.

Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.

In the Sensex index, 15 stocks were advancing, while 16 were incurring losses.

    
 mail this article    print this article    Show and Post comment
13 Aug 2018(IST)  
Whitepaper
Maintain Business Continuity with Cisco ASR 9000 nV Technology
It is a virtual chassis solution where a pair of ASR 9000 routers acts as a single device by maintaining a single contr...read more
Simplify Your Network with Cisco ASR 9000 nV Technology
With the new Cisco Network Virtualization (nV) technology in the Cisco ASR 9000 Series Aggregation Services Routers, se...read more
Cisco Small Cell Solution: Reduce Costs, Improve Coverage
It is designed to address the challenge of mobile service coverage and to expand network capacity...read more