Telecom Stocks Outlook
Likely to consolidate next week on lack of triggers
This story was originally published at 21:00 IST on 12 September 2025
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MUMBAI – Shares of telecommunication companies are likely to condilidate next week and mirror the movement in the broader market amid the outcome of the US Federal Reserve's monetary policy meeting, analysts said. Further updates on Vodafone Idea's plea to the Supreme Court seeking quashing of the Department of Telecommunications' additional adjusted gross revenue demand will also be tracked in the near term.
This week, Bharti Airtel saw marginal gains with a rise of only 0.4% from the previous week. On the other hand, Vodafone Idea gained 6% following its petition to the Supreme Court seeking relief on adjusted revenue dues. The liabilities calculated by the telecom department stand at INR 94.50 billion. The additional demand of INR 56.06 billion pertains only to licence fee dues. However, if additional spectrum usage charge demands for the period of FY17 are also considered, the amount comes to INR 68 billion, the petition said.
Analysts see Bharti Airtel's shares moving between INR 1,880 and INR 1,930, and those of Vodafone Idea moving between INR 7.90 and INR 7.30.
Recently, Reliance Jio and Bharti Airtel discontinued entry-level recharge plans, which is expected to help in the growth of average revenue from user. "Although the move is indicative of telcos' (telecom companies) pricing power to boost ARPU (average revenue per user) even without an explicit tariff hike, it could also be suggesting a probable monetisation of 5G (fifth generation) plans in the next 1-2 years," JM Financial said in a report Monday. According to media reports, India's telecom regulator has asked both the companies to give an explanation on why they removed the cheapest 1 gigabyte per day entry-level plans, as customers with low income relied on these for basic interntet access.
TOP HEADLINES
* RailTel Corp gets work orders from Nashik, Panvel municipal bodies
* MTNL defaults on principal, interest payment of INR 87.34 bln to seven banks
* HC upholds BSNL decision to not consider A2Z Infra bid for Bharat Net tender
* HC OKs Delhi Metro selecting Indus Towers for wireless mobile connectivity
* Vodafone Idea moves SC against additional demands by govt in AGR case
* Tata Comm collaborates with Cisco for embedded SIM, internet connectivity
* Tata Comm public shareholder Stewart Investors sells 0.7% shrs for INR 3 bln
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 | 1,902.60 | 0.40 | 1933.10 | 1886.30 |
| Mahanagar Telephone Nigam | 44.00 | (-)2.40 | 45.60 | 43.10 |
| Reliance Industries | 1395.00 | 1.50 | 1406.40 | 1374.80 |
| Tata Communications | 1614.00 | 4.20 | 1645.40 | 1562.80 |
| Tata Teleservices Maharashtra | 57.08 | (-)0.70 | 58.20 | 56.40 |
| Vodafone Idea | 7.66 | 6.00 | 7.90 | 7.30 |
| Nifty 50 | 25114.00 | 1.50 | 25198.60 | 24995.80 |
| S&P BSE Sensex | 81904.70 | 1.50 | 82197.80 | 81494.80 |
End
Reported by Gopika Balasubramanium
Edited by Avishek Dutta
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