Telecom Stocks Outlook
Seen tracking overall market; focus on earnings
This story was originally published at 20:49 IST on 17 October 2025
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MUMBAI – Telecom stocks are likely to take cues from the broader market and the focus will on September quarter earnings which are on in full swing. Reliance Industries, which ownes Jio Infocomm, released its earnings after market hours Friday. Some other communication companies such as Tata Communications have also reported their September quarter print.
Reliance Industries reported a consolidated net profit of INR 181.65 billion for the quarter, up nearly 10% on year. The company's revenue from operations for the period stood at INR 2.59 trillion, up 10% on year. Its arm Reliance Jio Infocomm's revenue rose to INR 363.32 billion in the September quarter compared with INR 350.32 billion in the trailing quarter. Its average revenue per user rose to INR 211.4 per month from INR 208.8 per month in the previous quarter.
Tata Communications also reported a weak September quarter wherein on-year growth in expenses outpaced growth in top line. The telecommunications company's total expenses for the quarter rose 2.5% on quarter, while top line rose a little over 2% on a sequential basis.
The company, however, said it has seen growing demand for data centre capacity and is betting on steady growth in the core connectivity business. "We think in the next five years, the data centre capacity will double. And, we are very well positioned as a leader in the data centre connectivity space, because it requires a ...highly reliable, resilient, low latency capability," the company's management said in a post-earnings conference call.
Next week, telecom stocks are likely to consolidate. Shares of Bharti Airtel are likely to move in a range of INR 1,950-INR 2,050 next week, a derivatives analyst at a domestic brokerage said. Vodafone Idea is likely to move in a range of INR 8.0-INR 9.50 next week. Friday, Bharti Airtel closed 2.3% higher at INR 2,012 on the National Stock Exchange while Vodafone Idea closed 1.7% lower at INR 8.70.
TOP HEADLINES
* Analyst Concall: Tata Comm looks to ride data centre wave for growth
* Earnings Review: Higher employee cost, other expenses hit Tata Comm Q2 PAT
* Bharti Airtel partners with IBM to augment Airtel Cloud platform
* Earnings Outlook: Low base, data services sales to boost Tata Comm's Q2 PAT
* SC defers Vodafone Idea plea against govt's additional AGR demand to Oct 27
* Indus Towers board OKs incorporation of UAE arm to invest in African mkts
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 | 2,012.00 | 3.70 | 2069.50 | 1941.50 |
| Mahanagar Telephone Nigam | 41.58 | (-)3.20 | 42.60 | 40.90 |
| Reliance Industries | 1416.80 | 2.50 | 1437.30 | 1388.90 |
| Tata Communications | 1926.90 | 3.00 | 2003.00 | 1878.00 |
| Tata Teleservices Maharashtra | 55.47 | (-)3.90 | 56.80 | 54.40 |
| Vodafone Idea | 8.70 | (-)3.80 | 9.00 | 8.50 |
| Nifty 50 | 25709.85 | 1.70 | 25939.60 | 25393.80 |
| S&P BSE Sensex | 83952.19 | 1.80 | 84743.00 | 82810.70 |
End
Reported by Akash Mandal
Edited by Akul Nishant Akhoury
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