Vodafone Idea Shares: REITs Increase Bet on Telecoms Shares Amid Rising Tariffs, Government Sops

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REITs have invested nearly 37% of their total inflow of $ 1,450 million (Rs 11,000 crore) in telecommunications stocks in the past 45 days

Synopsis

In the first half of September, REITs bought telecoms stocks worth $ 391 million (Rs 2,900 crore), the industry’s highest bi-monthly inflow in 16 months.

ET Intelligence Group: Foreign portfolio investor (REIT) interest in telecommunications stocks has increased following improved financial viability due to rising tariffs and government measures that are likely to improve cash flow. REITs have invested nearly 37% of their total inflows of $ 1,450 million (Rs 11,000 crore) in telecommunications stocks over the past 45 days, according to NSDL data. In the first half of September, REITs bought telecoms stocks worth $ 391

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