Monday, 8 January 2018

Telecom stocks down 2%; Airtel stock falls 3.5%

Shares of BSE Telecom Index slipped on reports that Reliance Jio Infocomm, a subsidiary of Reliance Industries, would cut tariffs by Rs50 on all monthly schemes and enhance data limit on select schemes.
Reliance Jio's plans for Rs199, Rs399, Rs459 and Rs499 will cost Rs50 less, effective Tuesday.
Bharti Airtel is currently trading at Rs520.55, down by Rs19.45 or 3.6% from its previous closing of Rs540 on the BSE. The scrip opened at Rs535 and has touched a high and low of Rs535 and Rs518, respectively.
Idea Cellular Ltd is currently trading at Rs109.15, down by Rs6.5 or 5.62% from its previous closing of Rs115.65 on the BSE. The scrip opened at Rs115.65 and has touched a high and low of Rs115.65 and Rs108.45, respectively.
Reliance Communications Ltd is currently trading at Rs33.75, down by Rs0.3 or 0.88% from its previous closing of Rs34.05 on the BSE. The scrip opened at Rs34.5 and has touched a high and low of Rs34.8 and Rs33.1, respectively.


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