Rcom rings loud as TRAI dials

The entire telecom pack is in the green but the best performing in the sector currently in Reliance Communication, which is up over 3.5% at Rs.128, a tad lower now than its 52-week high of Rs.128.95, which it hit today. The stock had hit a high yesterday also at Rs.124.95.

The stock has been hitting these highs as it is being viewed as the least affected due to TRAIs regulations which cut roaming and SMS rates for customers. The uncertainty over this issue is finally over and the financial impact was not acute as it was expected.

TRAI  new norms provides flexibility to telecom service providers to customise tariffs for national roamers through special tariff vouchers and combo vouchers. It has also mandated two types of free national roaming plans to be provided by all telecom service providers. These changes will come into effect from July 1.