Despite SC verdict on AGR dues, Airtel, Voda Idea look good on charts

While the Street has given a thumbs down to the development, technical charts suggest a completely different picture. MTNL has the best chart formation among the lot.

The Supreme Court on Friday dismissed the applications filed by telecom majors, including Vodafone Idea and Bharti Airtel, raising the issue of alleged errors in calculation in the figure of Adjusted Gross Revenue (AGR) related dues payable by them.

Post the development, the impacted stocks - Bharti Airtel and Vodafone Idea - traded weak with the latter slipping as much as 15 per cent in intra-day deals. READ ABOUT IT HERE

Is it time to stay away from the telecom sector given the development, or can the hike in tariffs by the telecom service providers prove