As Idea gets set to post results, watch Bharti shares

Tue Jan 29, 2013 1:27pm IST

A construction supervisor speaks on a mobile phone amid rolls of underground telephone cable pipes on the outskirts of Hyderabad November 29, 2010. REUTERS/Krishnendu Halder/Files

A construction supervisor speaks on a mobile phone amid rolls of underground telephone cable pipes on the outskirts of Hyderabad November 29, 2010.

Credit: Reuters/Krishnendu Halder/Files

Related Topics

Stocks

   

Reuters Market Eye - Investors in Bharti Airtel(BRTI.NS) are keenly waiting rival Idea Cellular Ltd's (IDEA.NS) October-December earnings results due later in the day.

Idea is much smaller than Bharti in revenue terms, but both mobile carriers operate on GSM technology and have similar kinds of subscribers.

As well, both companies' mainstay is second-generation (2G) voice although there has been a greater push in recent months to increase revenue from mobile data.

That may help explain why Idea and Bharti shares have seen a correlation of 0.86 in the past three months.

"Idea's numbers would also answer whether the 2G industry is growing or not, which should have bearing on Bharti too," said an analyst tracking the sector.

(Reporting by Abhishek Vishnoi)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India-China Ties

REUTERS SHOWCASE

LIC on Markets

LIC on Markets

LIC chairman bullish on Indian markets  Full Article 

Infosys-Huawei

Infosys-Huawei

Infosys partners with China's Huawei for cloud-based services  Full Article 

Gold Outlook

Gold Outlook

Gold imports seen up, premiums likely to double on festive buying  Full Article 

Trade Dispute

Trade Dispute

U.S. to press India on trade row during Modi's Washington visit  Full Article 

Fed Policy Meet

Fed Policy Meet

Fed renews zero rate pledge, but hints at steeper rate hike path  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage