Telecom Stocks Outlook
To stay in range; Vodafone Idea AGR case updates eyed
This story was originally published at 21:24 IST on 3 October 2025
Register to read our real-time news.Informist, Friday, Oct. 3, 2025
MUMBAI – Shares of telecommunication companies are likely to stay rangebound next week tracking the overall market as the sector awaits fresh trigger, analysts said. The focus in the industry will continue to be on the updates on Vodafone Idea's plea against the additional adjusted gross revenue demand by the government.
On Monday, the telecomm company had filed an application in the Supreme Court, seeking exemption from the payment of interest, penalty, and interest on penalty on the principal amounts of adjusted gross revenue dues. The telecom company had filed the application to amend its previous petition seeking quashing of the Department of Telecommunications' additional adjusted gross revenue demand of INR 94.50 billion till FY19. This comes after the court Friday deferred the hearing till Oct. 6.
The petitioner said that it had previously objected to the issue of imposition of penalty on the ground that non-payment of adjusted gross revenue dues was bona-fide. On Friday, Vodafone Idea's shares ended at INR 8.82. The upside targets for Vodafone Idea is at INR 10 and INR 12, said Ashish Sherigar, a technical analyst at NVS Brokerage.
In the latest update on Bharti Airtel, the company partnered with precise positioning solutions provider Swift Navigation Inc. for cloud-based location services under the Airtel Skylark Precise Positioning Service brand. This will be the country's first artificial intelligence and machine learning powered location service, which improves accuracy by up to 100 times compared with global navigation satellite system, it said in a press release to exchanges on Monday.
Friday, Bharti Airtel closed at INR 1,896.70, up 1.6%. The stock is expected to find support at INR 1,760, below which it would move towards INR 1,550-INR 1,500, Sherigar of NVS Brokerage said. On the upside, resistance is placed at INR 1,970-INR 1,980, he said, adding that, the stock had faced strong resistance at this levels recently.
India's Telecom Regulatory Authority of India has sought public view on whether other entities, which provide internet services or large connected device networks, should be allowed to bid for spectrum along with wireless carriers to ensure competition during auctions, Mint reported earlier this week. A higher number of bidders would lead to greater bidding intensity, increasing the possibility of the spectrum being sold at a higher auction-determined price as compared to the base price, the telcom body said.
TOP HEADLINES
* Railtel Corp issues work order of INR 163.08 mln to RTNS Technology
* Tata Communications deploys infra solutions for BSNL's eSIM services
* Bharti Airtel in pact with Swift Navigation for cloud-based location service
* Vodafone Idea seeks SC's waiver on payment of penalty, interest on AGR dues
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 | 1,896.70 | (-)1.00 | 1,933.90 | 1,829.50 |
| Mahanagar Telephone Nigam | 43.52 | 1.80 | 44.00 | 43.00 |
| Reliance Industries | 1,363.40 | (-)1.00 | 1,378.70 | 1,349.30 |
| Tata Communications | 1,616.00 | 0.10 | 1,636.00 | 1,589.20 |
| Tata Teleservices Maharashtra | 56.53 | 1.70 | 58.10 | 54.30 |
| Vodafone Idea | 8.82 | 10.00 | 9.10 | 8.40 |
| Nifty 50 | 24894.25 | 1.00 | 25006.10 | 24691.60 |
| S&P BSE Sensex | 81207.17 | 1.00 | 81638.70 | 80433.80 |
End
Reported by Gopika Balasubramanium
Edited by Akul Nishant Akhoury
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