IUC cut to dent margins of Bharti and Idea; bonanza for RJio, say analysts

Here is a quick compilation of how leading brokerages and research houses have reacted to the development

Telecom stocks continue to trade mixed in noon deals with Bharti Airtel hovering at Rs 396 levels, up 0.4% and Idea Cellular down over 3% at Rs 80 levels. Both these stocks slipped up to 7% after the Telecom Regulatory Authority of India (Trai) cut termination charge for all mobile to mobile calls to 6 paise per minute from 14 paise effective October 1. 

In addition, the telecom regulator has also said that the charges would come down to zero by the year