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Though it is difficult to predict the movement of stocks in the telecommunications industry given the volatility in the market, analysts say the near-term outlook for the sector is positive as the average revenue per user of telecom companies is expected to rise in the March quarter. The recently concluded Kumbh Mela in Prayagraj, Uttar Pradesh, boosted the industry with over 20 million users connecting daily through mobile phones, according to a BW BusinessWorld report. The country's top telecom companies may see a rise in average revenue per user in the fourth quarter on the back of this event, the report said.
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