NEW DELHI: The threat from Reliance Jio is not that significant and Bharti and Idea can still send the cash registers ringing. The market share that Reliance Jio may grab in the coming months will be something to watch out for. But since the data market is thriving, there may be scope for expansion of the market and, hence, long-term investors should stay put, they said. Over the next few quarters, they will find out that mobile data growth offers an excellent opportunity for Airtel and Idea to create shareholder value . JM Financial believes while there may be some room for reduction in target prices for Bharti and Idea on Ebitda downgrades and higher auction spends, telecom stocks are pricing in the worse outcomes.

Source: Economic Times September 06, 2016 04:52 UTC