![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
Reliance Jio<\/a>, which is India's largest telecom player, has launched new postpaid family plans starting from Rs 399 and Rs 99 for every add-on connection.
Jio<\/a>'s new plan, which is at a discount of around 30% to other competitors, comes at a time when investors were hoping for tariff hikes in the stressed telecom sector.
Market watchers say an increase in competitive intensity could delay tariff hikes and pose downside risk for Airtel investors<\/a>.
Bharti Airtel<\/a> shares, down nearly 8% in the last 3 months, lost up to 2.5% at Rs 752.20 in today's session.
\"Jio has so far been unable to replicate its prepaid success in the postpaid category (~7.5% of subs and ~10% of industry<\/a> revenue), but we believe its new family postpaid offerings are attractively priced and could lead to renewed price competition in postpaid,\" said Kotak analysts Aditya Bansal and Anil Sharma.
Just a fortnight ago, Bharti Enterprises chairman Sunil Mittal<\/a> had said that a rate hike is likely to happen in the middle of this year.
\"Lot of capital has been injected (into Airtel) that has made the balance sheet strong but the return on capital of this industry is very low. That needs to change. We are talking of small increments that need to come in the Indian tariff situation. I hope (by) half of this year,\" Mittal had said.
Analysts, however, do not expect Jio to get aggressive in the larger prepaid data segment, as it remains the market leader and requires the highest incremental tariff hike (12% versus 4% for peers) just to break-even on 5G spectrum<\/a> outlay.
\"We continue to build in a 20% tariff hike on prepaid data packs from 2HCY23 in our base case, but would monitor the competitive intensity in the sector,\" Kotak analysts said noting that for every Rs 10 lower ARPU, the consolidated EBITDA could decline by 2%\/3%\/10% for RIL\/Bharti\/Vi.
Kotak has a buy rating on RIL<\/a> with a target price of Rs 3,000 and an add rating on Airtel with a target price of Rs 875. Airtel remains a consensus pick on Dalal Street with 25 out of 30 analysts covering the stock giving it a buy rating.
<\/body>","next_sibling":[{"msid":98657603,"title":"Jio's True 5G services now available in 365 cities","entity_type":"ARTICLE","link":"\/news\/industry\/jio-expands-true-5g-services-coverage-to-365-cities\/98657603","category_name":null,"category_name_seo":"industry"}],"related_content":[{"msid":"98651294","title":"Mukesh Ambani's attempt to crack a hard nut new headache for Airtel investors","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/mukesh-ambanis-attempt-to-crack-a-hard-nut-new-headache-for-airtel-investors","category_name":"Mukesh Ambani's attempt to crack a hard nut new headache for Airtel investors","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-16262\/98651294.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/mukesh-ambanis-attempt-to-crack-a-hard-nut-new-headache-for-airtel-investors\/98651294"}],"msid":98661967,"entity_type":"ARTICLE","title":"Mukesh Ambani's attempt to crack a hard nut new headache for Airtel investors","synopsis":"Jio's new plan, which is at a discount of around 30% to other competitors, comes at a time when investors were hoping for tariff hikes in the stressed telecom sector.","titleseo":"industry\/mukesh-ambanis-attempt-to-crack-a-hard-nut-new-headache-for-airtel-investors","status":"ACTIVE","authors":[{"author_name":"Nikhil Agarwal","author_link":"\/author\/479254346\/nikhil-agarwal","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479254346.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479254346,"author_name":"Nikhil Agarwal","author_seo_name":"nikhil-agarwal","designation":"Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":1024,"shares":0,"engagementtimems":5120000},"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2023-03-15 16:37:26","lastupd":"2023-03-15 16:45:55","breadcrumbTags":["Mukesh Ambani news","mukesh ambani","ambani","airtel","reliance jio","jio","airtel investors","sunil mittal","bharti airtel","reliance","airtel","ril","5g spectrum","industry"],"secinfo":{"seolocation":"industry\/mukesh-ambanis-attempt-to-crack-a-hard-nut-new-headache-for-airtel-investors"}}" data-authors="[" nikhil agarwal"]" data-category-name="Industry" data-category_id="18" data-date="2023-03-15" data-index="article_1">
读到
依赖Jio,这是印度最大的电信的球员,已经推出了新的邮资已付的家庭计划从Rs 399和99卢比每附加连接。
Jio的新计划,这是在其他竞争对手30%左右的折扣,正值投资者希望强调电信行业的税率。
市场观察人士说,竞争强度的增加可能会推迟关税上涨和构成下行风险Airtel投资者。
Bharti附近的旅馆股票下跌近8%在过去的3个月,下跌了2.5%至752.20卢比在今天的会议。
“Jio迄今为止成功无法复制其预付邮资已付的类别(~ 7.5%的潜艇和~的10%行业收入),但是我们相信它的新家庭邮资已付的产品价格极具吸引力和可能导致重新在邮资已付的价格竞争,”科塔克分析师Aditya邦萨尔和阿尼尔Sharma称。
就在两周前,Bharti企业董事长苏尼尔•米塔尔曾表示,加息可能会在今年发生。
“大量资本注入(旅馆),使得资产负债表强劲,但这个行业的资本回报率非常低。这需要改变。我们说的小增量,需要在印度关税情况。我希望今年(通过),“米塔尔说。
然而,分析师不认为Jio积极地更大的预付费数据段,因为它仍然是市场的领导者,需要最高的增量关税上调同行(12%比4%)只是收支平衡5 g频谱支出。
“我们继续构建在预付20%的关税上调数据包从2 hcy23在我们的基本情况,但是监控行业的竞争强度,”科塔克分析师表示,注意到每一个Rs 10低ARPU,合并息税前利润可能下降2% / 3% / 10%瑞来斯/ Bharti / Vi。
科塔克有一个买入评级瑞来斯目标价的Rs 3000和一个add评级Airtel的目标价格875卢比。Airtel达拉勒大街上仍然是一个共识挑选25的30分析师覆盖股票买入评级。
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动