Reliance Jio impact: Should you sell Bharti Airtel, RCom, Idea Cellular?

After eroding around Rs 13,000 crore in market capitalisation (m-cap) on Thursday after Mukesh Ambani, chairman of Reliance Industries (RIL) announced the launch of Reliance Jio from September 05 with an aggressive pricing structure, telecom stocks - Bharti Airtel, Idea Cellular and Reliance Communications - trade mixed on the National Stock Exchange (NSE) on Friday.

While Bharti Airtel was trading marginally higher at Rs 312 levels, up 0.4% in early morning deals, Idea Cellular and Reliance Communications (RCom) slipped around 2.1% and 1.5%, respectively. By comparison, the Nifty 50 index was trading 0.2% higher at 8,788 levels.

On Thursday, Bharti Airtel, the largest loser in terms of m-cap, lost Rs 8,455 crore m-cap at Rs 124,199 crore, the BSE data show. Idea Cellular lost Rs 3,528 crore at Rs 30,140 crore, and RCom eroded Rs 1,182 crore at Rs 12,333 crore.

So what should you do with telecom stocks? Here is a quick compilation of what the leading brokerages across the  read more..

Also Read: Jio launches mother of all telecom battles

Also Read: Why Jio may not bring down your mobile bill

Also Read: Jio may impact profitability of existing operators: Analysts

Also Read: Low price points push back Jio break-even