Open Online KYC Account
NEED HELP? 1860 500 6543

HOURS : MON TO FRI (9:00 A.M. TO 6:00 P.M)

 BACK TO INDITRADE
Telecom stocks surge as TRAI extends timeline for implementation of revised mobile port out norms
Jun-13-2019

Telecom stocks are trading higher as the Telecom regulator TRAI has extended the timeline for implementation of revised Mobile Number Portability (MNP) norms, by more than three months to September 30, providing relief to operators.

Tata Communications is currently trading at Rs. 493.55, up by 3.40 points or 0.69% from its previous closing of Rs. 490.15 on the BSE. The scrip opened at Rs. 488.10 and has touched a high and low of Rs. 495.10 and Rs. 487.40 respectively. So far 2363 shares were traded on the counter.

Vodafone Idea is currently trading at Rs. 12.90, up by 0.06 points or 0.47% from its previous closing of Rs. 12.84 on the BSE. The scrip opened at Rs. 12.80 and has touched a high and low of Rs. 13.00 and Rs. 12.71 respectively. So far 470668 shares were traded on the counter.

Bharti Airtel is currently trading at Rs. 360.40, up by 0.60 points or 0.17% from its previous closing of Rs. 359.80 on the BSE. The scrip opened at Rs. 360.00 and has touched a high and low of Rs. 362.55 and Rs. 356.50 respectively. So far 28608 shares were traded on the counter.

The move came after telecom service providers and other players involved in the port out process sought extension of the original June 13 deadline, citing various reasons including significant changes in their network and IT elements. The revamped mobile number portability (MNP) rule makes the entire process faster and simpler, and TRAI has prescribed two days timeline for port out requests within a service area.

Copyright 2013 Inditrade Capital Ltd. All rights reserved.

Best Viewed in Resolution 1024 * 800 and Above