Telecom stocks remain a safe bet amid coronavirus disruption: Expert

Led by Bharti Airtel, telecom service providers have been among the biggest gainers in the telecom space over the last few trading sessions. This is on expectations that tariff hikes in the previous quarter and floor tariffs will help them offset the hit on revenues and subscribers amid the ongoing lockdown. Bharti has gained over 9 per cent over the last four days.

Analysts at Emkay Research believe that telecom remains one of the safest spots in the current scenario. Telecommunications is one of the few services that have been exempted from the purview of the lockdown. While brokerages have cut