First Jio, now Telenor deal: Good time to exit telecom stocks, say analysts

Airtel soared 11% to its 52-week high of Rs 397, after it announced plans of buying Telenor (India)

Developments related to Reliance Jio’s freebies and the new tariffs effective April 01 2017, possibility of Vodafone – Idea Cellular merger, and Bharti Airtel’s acquisition of Telenor India – the telecom sector has been buzzing with activity since the last few months. News triggers have also kept the telecom stocks buzzing. While the S&P BSE Sensex has gained around 12% from its recent low in December 2016, the S&P BSE Telecom index has rallied 24.4% since then.


 
However, the rally in individual stocks has been