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Informist, Thursday, Aug. 14, 2025

MUMBAI  – Stocks in the telecommunications sector are likely to consolidate next week as the sector awaits fresh cues with the June quarter earnings drawing to a close. Stocks in the sector are likely to track the overall market. Vodafone Idea is the last major player in the industry to report its June quarter earnings.

Late Thursday, Vodafone Idea declared its June quarter earnings. Its net loss for the quarter narrowed sequentially, supported by lower finance costs, depreciation, and amortisation expenses. This was despite the company's revenue being largely flat on a quarter-on-quarter basis.

The debt-ridden telecommunication company's consolidated net loss for the reporting quarter was INR 66.08 billion, down from INR 71.66 billion in the previous quarter. This marks the 28th consecutive quarter that the company has reported a net loss. Its consolidated net sales for the quarter were INR 110.23 billion, largely unchanged from INR 110.14 reported in the previous quarter.

Bharti Airtel's shares are likely to be range-bound in the coming week, a technical analyst at a domestic brokerage said. "Airtel's ARPU (average revenue per user) is expected to witness ~10.3% CAGR over FY25-27E to INR 285, as we bake in ~10% tariff hike in FY26 end alongwith mix led improvement...we also highlight that stepped-up tariff will also drive India margins improvement to 60% in FY27," ICICI Direct Research said in its report. 

Last week, the sector bellweather reported a net profit of INR 59.48 billion for the June quarter, down 46% on quarter and below analysts' view of INR 73.88 billion. Its top line rose 3% sequentially to INR 494.63 billion. The stock fell 1.3% this week. ICICI maintained its 'buy' rating on the stock with a target price of INR 2,150.

In other news in the sector, the government has started to ramp up efforts to push private telecom operators to use more local equipment in their networks amid rising geopolitical uncertainties, The Economic Times newspaper reported Tuesday. These efforts are eventually seen benefitting local manufacturers such as Tejas Networks, HFCL, Sterlite, and VVDN Technologies, while global majors such as US-based Cisco, Finland's Nokia, Sweden's Ericsson, and Korea's Samsung, among other foreign telecom gear makers, may take a hit.

TOP HEADLINES

* ITI net loss widens QoQ to INR 633.2 million in Apr-Jun
* PRESS: Govt pushing private telecom cos to use more indigenous equipment
* Indian Continent sells 1% stake in Bharti Airtel for over INR 112 bln
* SC says telecom tower movable, junks tax dept demand against Bharti Airtel
 

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

End

Reported by Akash Mandal 

Edited by Avishek Dutta

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