Shares of blue-chips have increased between 4 per cent and 42 per cent since April
Stocks of telecommunication companies have been steadily moving up since the beginning of April with the rise ranging between four per cent and 42 per cent.
This reflects the tremendous growth the industry has witnessed in the last one year.
According to a recent report by a foreign broking house, the situation in the telecommunication industry is expected to be fluid in the next couple of years.
Various restructuring initiatives are in the pipeline at major telecom companies, and the successful implementation of these will have a substantial impact on the industry.
The stocks of blue chip telecom companies have increased between 4-42 per cent since the beginning of the current financial year.
The share price of the Mahanagar Telephone Nigam Ltd (MTNL) has moved up from Rs 99.25 on April 1 to today
