Why are all the telecom stocks like MTNL, TTML, Tejas and HFCL rallying so hard?
Answer
Answer
It is all about India’s 5G foray. MTNL and Tata Tele Maharashtra were locked in upper circuits as telecom stocks saw investor demand. DOT had earlier announced on 27th December that that 5G services would be rolled out in 13 major Indian cities in the year 2022. Some of the possible gainers in telecom and support infrastructure space include ITI, Tejas, HFCL, Onmobile, TCOM and Route Mobile and all these have rallied sharply.