Jio's clean sweep wasn't enough to make it the best in returm potential !
Jio's clean sweep wasn't enough to make it the best in returm potential !
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Even after the thunderous storm that blew more than half of the market of the other telecom companies Jio is struggling to be the best return potential among the Indian telecom biggest companies, companies like Bharti Airtel and Idea Cellular are still on that spot.

On an average the shares seem to track around 23 percent in the next 12 months for the wireless carriers. The spectrum beteen their expected targets and current targets in the most among the companies.

The two companies together have lost about $1 billion in market value this month. Jio’s offering or apparently the offering by the concerned Billionaire Mr. Mukesh Ambani has pressurized the other companies to follow their path and make call rates as low as 2 cents per minute.

“You can make money when there’s uncertainty, and the telecom is where there is the maximum uncertainty right now,” S. Naren executive director and chief investment officer at ICICI Prudential Asset management Co.India’s largest money manager with $29 billion in assets, said in an interview in Mumbai, “We see value in the sector”.

 

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