telecom

Telecom stocks to buy: Telecom shares have many tailwinds, could gain 9-16%: BofA

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Telecom stocks to buy: Telecom shares have many tailwinds, could gain 9-16%: BofA

BofA Securities raised share price targets on Indian telecom companies as it expects near-term momentum in the sector. The firm has upgraded its rating on Vodafone Idea from ‘Underperform’ to ‘Neutral’, and sees 9-16% upside in shares of Bharti Airtel, Indus Towers, and Reliance Industries. BofA said it expects a tariff hike of 20-25% as … Read more

FPIs net buyers of Indian equities at Rs 40,710 crore so far in March

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FPIs net buyers of Indian equities at Rs 40,710 crore so far in March

Buying activity from the foreign portfolio investors (FPI) returned in March with equity purchases worth Rs 40,710 crore taking place as on March 15. This comes after a lackluster first two months where FPIs bought shares worth Rs 1,539 crore while remaining net sellers in January at 25,744 crore. With this WPIs are net buyers … Read more