Indian markets are well back on it's track. Ahead of diwali Indian bourses are strong. For the third day in this week Indian Indices are immersed in green. This can be an opportunity for an intelligent Investor.
As an impact of IRDA guideline of second billing telecom stocks except Tata communications plunged. The failure of MTN-Airtel deal was another reason behind the blow. In three days Indian telecom stocks plunged 4.5%.
The selling pressure on them still continues. When SEBI said that they will check the books of Reliance communications the sahre of the company witnessed huge selling pressure.
Telecom stocks are now undervalued and can be bought now. These would prove to be a safe bet in the near future.
Picks: IDEA and Apollo tyres.
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