Telecom Stocks Outlook
Seen in range; RJio to start IPO process this month
This story was originally published at 19:42 IST on 5 September 2025
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MUMBAI – Shares of telecommunication companies are likely to consolidate next week and track the broader market as the sector awaits fresh cues. The recent move by Reliance Jio and Bharti Airtel to scrap entry-level recharge plans is a positive for the sector and will help in the growth of average revenue per user, analysts said.
"While we do not expect this step to result in a substantial ARPU (average revenue per user) hike per se, we see this channel strategy as a step in the direction of premiumisation and data monetisation," Kotak Institutional Equities said in a report on Aug. 29. "The market construct appears favorable to monetise the explosion in data consumption, and we believe such non-tariff measures would play a crucial role in aiding the ARPU uptrend going forward," it added.
Next week, Bharti Airtel is likely to keep consolidating amid a lack of trigger, analysts said. The stock is likely to move in a thin range of INR 1,850-INR 1,920 next week, a technical analyst said. Vodafone Idea is seen moving in a range of INR 6.50-INR 8.00 with a negative bias. Friday, Bharti Airtel closed 0.8% higher at INR 1,895.30 on the National Stock Exchange and Vodafone Idea surged 9.4% to INR 7.23.
In other news, Jio Platforms, a subsidiary of Reliance Industries, will start the process this month for what's expected to be India's biggest initial public offering by a private company, Mint reported. The company will invite presentations from bankers in the third week of September for an IPO of $8 billion-$10 billion, the report said. It is targeting a valuation of $120-125 billion in the IPO, the report said. End
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* RIL plans RJio IPO, expects listing by 2026 first half, says Mukesh Ambani
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:
| Company | Price | Week-on-week change in % | Resistance | Support |
| Bharti Airtel | 1,895.30 | 0.30 | 1928.90 | 1858.90 |
| Mahanagar Telephone Nigam | 45.06 | 3.30 | 47.30 | 43.00 |
| Reliance Industries | 1375.00 | 1.30 | 1393.50 | 1350.10 |
| Tata Communications | 1549.60 | 0.10 | 1574.70 | 1523.90 |
| Tata Teleservices Maharashtra | 57.49 | 2.50 | 59.00 | 55.30 |
| Vodafone Idea | 7.23 | 11.40 | 7.90 | 6.20 |
| Nifty 50 | 24741.00 | 1.30 | 24942.40 | 24520.90 |
| S&P BSE Sensex | 80710.76 | 1.10 | 81404.90 | 79974.10 |
End
Reported by Akash Mandal
Edited by Saji George Titus
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