Shares of telecom companies are trading higher for the third straight day with Reliance Communications and Idea Cellular hitting 52-week highs after the Telecom Regulatory Authority of India (TRAI) reduces ceilings for national roaming calls and SMS.
The sector regulator also permitted flexibility to telecom service providers to customise tariffs for national roaming subscribers via Special Tariff Vouchers (STVs) and Combo Vouchers.
Analyst at Edelweiss Securities believes that this announcement as a positive as earlier TRAI had proposed abolition of national roaming charges in view of its intent of moving towards One Nation-Free Roaming.
Among the individual stocks, Reliance Communications is trading higher by 4% to Rs 128, its highest level since January 2011 on BSE. The stock has rallied 20% in past three trading sessions compared to a 0.19% drop in benchmark Sensex.
Idea Cellular is up 2% at Rs 145, extending its 4.4% rally in past two days. The stock of Aditya Birla Group Company is currently trading at six year high on BSE.
Bharti Airtel and Tata Teleservices (Maharahastra) are trading higher in the range of 1-3% at 1046 hours.
Meanwhile, the media report suggests that a government panel has recommended allowing complete foreign ownership of telecom companies.
The sector regulator also permitted flexibility to telecom service providers to customise tariffs for national roaming subscribers via Special Tariff Vouchers (STVs) and Combo Vouchers.
Analyst at Edelweiss Securities believes that this announcement as a positive as earlier TRAI had proposed abolition of national roaming charges in view of its intent of moving towards One Nation-Free Roaming.
Among the individual stocks, Reliance Communications is trading higher by 4% to Rs 128, its highest level since January 2011 on BSE. The stock has rallied 20% in past three trading sessions compared to a 0.19% drop in benchmark Sensex.
Idea Cellular is up 2% at Rs 145, extending its 4.4% rally in past two days. The stock of Aditya Birla Group Company is currently trading at six year high on BSE.
Bharti Airtel and Tata Teleservices (Maharahastra) are trading higher in the range of 1-3% at 1046 hours.
Meanwhile, the media report suggests that a government panel has recommended allowing complete foreign ownership of telecom companies.
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