The total weight of the FPI consumption basket rose to a record 24% year-on-year at the end of April 2024 supported by sectors including telecom, automobiles, and consumer services.
Synopsis
Analysts expect a tariff increase of 10-15% after the general elections, which augurs well for telecom service providers given the rising data usage. The average revenue per user (ARPU) is likely to increase to Rs 217 in FY26 from Rs 180 in FY24.
FPIs are once again showing interest in the telecom stocks following expectations of long term growth after staying underweight over the past few years. The sector’s weight in the FPI equity portfolio rose by 77 basis points since the beginning of January 2024 to a record 3.5% at the end of April 2024 according to the NSDL data. The increase in the sector’s weight is the third largest after 95 basis point rise in the weight of the automobile
BY
ET Bureau
3 mins read, Last Updated:
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