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

These three telecom companies collectively lost over Rs 13,000 crore in market-cap on Thursday

Reliance Jio's launch

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.  Click here to track telecom stocks 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% ...