More Stories

Informist, Friday, Jun. 20, 2025

MUMBAI – Telecommunications stocks are likely to trade in a narrow range next week amid a lack of triggers for the sector. While the fight between telecom companies and satellite communication service providers continues, the matter has not had any significant impact on telecom stocks till now, analysts said. Any movement in these stocks will be based on specific news, they added.

The next big trigger for the sector could be a tariff hike, with some brokerages expecting an increase of 15% in 2026. A near-term trigger could be the levelling of the playing field between telecom operators and satellite service providers, a new generation of spectrum to follow the fifth generation infrastructure, or regulatory changes by the government, according to analysts.

Next week, the Bharti Airtel stock is expected to move between INR 1,885 and INR 2,000 with a slight positive bias, a technical analyst at a domestic brokerage said. The stock ended over 3% higher at INR 1,936.70 on the National Stock Exchange Friday. Vodafone Idea looks weaker and is likely to move in a range of INR 5–INR 7 next week, the analyst said. The stock ended at INR 6.56 Friday, up nearly 4%.

Meanwhile, tensions between telecom operators and satellite communication providers are hotting up after the government dismissed an appeal by the former for a level playing field, media reports said. A report in The Economic Times said Elon Musk's Starlink could reach one million users by the financial year 2028–29 (Apr-Mar). Satellite communication services are expected to cost about eight times more than terrestrial telecom, and the one-time hardware cost will be 13 times higher, the report said.

The Cellular Operators Association of India, representing telecom majors Bharti Airtel, Reliance Jio, and Vodafone Idea, said the Telecom Regulatory Authority of India's pricing for satellite spectrum is too low, NDTV Profit reported. However, the Broadband India Forum backed by global technology giants such as Meta, Alphabet, Amazon, and Intel has strongly supported TRAI's recommendations, arguing that satellite and terrestrial networks should be viewed as complementary rather than competing, the report added.

TOP HEADLINES

* DoT imposes INR 38.13 mln penalty on Tata Tele for violation of norms
* Vodafone Idea, AST SpaceMobile partner for satellite broadband connectivity
* RailTel gets letter of intent from Zoram Electronics for Mizoram project
* Promoter entity MN Ventures sells 2.8% stake in HFCL via open market
* Tanla Platforms to spend up to INR 1.75 bln on shr buyback via tender offer
* RailTel Corp to pay final dividend of INR 0.85 per share for FY25

Following are the resistance and support levels for the telecom stocks for next week as per calculations based on their prices on the National Stock Exchange:

End

Reported by Akash Mandal

Edited by Subhojit Sarkar

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.