Bharti Airtel Ltd.

Telecom stocks are trading mixed on the bourses, as the Department of Telecom has 'suspended' spectrum sharing, trading and liberalisation activities till the provisional results of the upcoming spectrum auction are declared

Bharti Airtel is currently trading at Rs. 344.25, down by 1.55 points or 0.45% from its previous closing of Rs. 345.80 on the BSE. The scrip opened at Rs. 347.00 and has touched a high and low of Rs. 347.00 and Rs. 342.35 respectively. So far 16748 shares were traded on the counter.

Reliance Communications is currently trading at Rs. 48.50, down by 0.15 points or 0.31% from its previous closing of Rs. 48.65 on the BSE. The scrip opened at Rs. 48.65 and has touched a high and low of Rs. 49.00 and Rs. 48.30 respectively. So far 569349 shares were traded on the counter.

On the flip side, Idea Cellular is currently trading at Rs. 94.20, up by 1.25 points or 1.34% from its previous closing of Rs. 92.95 on the BSE. The scrip opened at Rs. 93.60 and has touched a high and low of Rs. 94.70 and Rs. 93.25 respectively. So far 238041 shares were traded on the counter.

Tata Communications is currently trading at Rs. 502.60, up by 20.20 points or 4.19% from its previous closing of Rs. 482.40 on the BSE. The scrip opened at Rs. 486.55 and has touched a high and low of Rs. 519.00 and Rs. 480.45 respectively. So far 389937 shares were traded on the counter.

The Spectrum Trading Guidelines would remain suspended during the time of conduct of auction i.e. from the date of issue of NIA for auction of spectrum to the date of publishing of provisional result of the auction. Similarly, DoT has suspended spectrum sharing and liberalisation activity as well. The move may impact merger of Reliance Communications with Sistema Shyam Teleservices as well as RCom and Aircel to some extent.

This move by the government is to ensure that upcoming spectrum auction, in which airwaves worth Rs 5.63 lakh crore is being put for sale, attracts good interest from bidders.