I was reading this article which explains how bad things are for Airtel and other telecom stocks. Any of you see a silver lining here and are invested or are investing in these telecom stocks?
Airtle is down 31%, Idea is down 44% while Reliance is up 24% year to date.
I am no expert, but I don’t see things getting “worse” for telecom stocks. Reliance is doing well. It is no more just a oil company. Period.
Yep! It’s no more just an oil company. And it would be a mistake to consider Jio as a telecom company. Google “JioGigaFiber” and you’d understand how it’s gonna bring another change soon.