Indiabulls Securities in its latest research report on MTNL, recommends SELL ratings on the stock, primarily due to weak quarterly results, slipping market share in both wireline and wireless services and increasing expenses due to higher staff cost.
The report suggests decline in Average Revenue per User (ARPU) for the company which is likely to put pressure on the company's bottomline. Also, the company is losing the market share due to rigid structure which would further make this company unattractive to put the money in.
This report is available free of cost to Indiabulls customers. They can login to the trading website or to their desktop trading application 'Power Indiabulls' and view the report in Equity Analysis section.
The report suggests decline in Average Revenue per User (ARPU) for the company which is likely to put pressure on the company's bottomline. Also, the company is losing the market share due to rigid structure which would further make this company unattractive to put the money in.
This report is available free of cost to Indiabulls customers. They can login to the trading website or to their desktop trading application 'Power Indiabulls' and view the report in Equity Analysis section.
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