Relief rally in telcos to continue; tech charts signal 25% upside in Vi

The BSE telecom index has touched a new all-time high on Thursday, suggesting positive sentiment over the next few sessions

The telecom stocks buzzed in today's session after the Union Cabinet on Wednesday announced key telecom reforms, including moratorium of telecom dues both adjusted gross revenue (AGR) and Spectrum for 4 years. 

While most brokerages have given a thumbs up to the development and suggest the provisions give some breathing space to Vodafone Idea (VI) – at least for four years – Bharti and Reliance Jio, too, stand to gain in case VI is unable to retain customers, improve connectivity and invest in ramping up the 5G network infrastructure in the long run. READ HERE

On Thursday, the