Shares of telecom companies like Reliance Communications (RCOM) and Tata Teleservices are on gaining spree ever since telecom minister Kapil Sibal reported the cabinet will soon decide the reserve price for the CDMA spectrum band. The EGoM, led by Finance Minister P Chidambaram, has referred the decision on the reserved price for CDMA to the Cabinet.
Tata Teleservices (Maharashtra) is currently trading at Rs. 12.73, up by 0.43 points or 3.50 % from its previous closing of Rs. 12.30 on the BSE. The scrip opened at Rs. 12.31 and has touched a high and low of Rs. 12.90 and Rs. 12.31 respectively. So far 596430 shares were traded on the counter.
Reliance Communications is currently trading at Rs 82.90, up by 2.30 points or 2.85% from its previous closing of Rs 80.60 on the BSE. The scrip opened at Rs 80.90 and has touched a high and low of Rs 83.45 and Rs. 80.75 respectively. So far 2320823 shares were traded on the counter.
The Empowered Group of Ministers (EGoM) has recommended a cut of up to 50 percent in the auction reserve price for airwaves used by phone carriers operating on the CDMA platform, raising the odds for the local unit of Russia's Sistema to continue operating in the world's second-biggest mobile phone market
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1846.55 |
| Vodafone Idea | 9.62 |
| Indus Towers | 412.35 |
| Tata Communications | 1521.05 |
| Bharti Hexacom Ltd. | 1538.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: