Telecom Stocks Outlook
Seen rising after recent sell off in some scrips
This story was originally published at 22:44 IST on 28 November 2025
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NEW DELHI – Stocks of telecom companies are expected to log gains in the coming week, said Sugandha Sachdeva, founder of SS WealthStreet. "There has already been a sharp sell-off, if you see Bharti Airtel, Vodafone Idea, Indus Towers, Tata Communications...I see a revival," she said.
The telecom sector is growing rapidly and enjoys support from growing digitisation in the country, Sachdeva said. She listed increasing digital payments, the growing artificial intelligence ecosystem, and strengthening hybrid work culture among some of the support factors for the sector. "This is going to favour this sector...add to new revenue streams beyond core connectivity," Sachdeva said. Meanwhile, tight margins and high competition, besides cyber security threats, pose challenges for the industry, she added.
Analysts are hopeful about a relief package from the government for Vodafone Idea related to its adjusted gross revenue dues. Meanwhile, overall sentiment towards peer Bharti Airtel is positive but the government is unlikely to entertain the company's plea for reassessment and reconciliation of its AGR dues, an analyst said on condition of anonymity. "It cannot help every company. It is not a precedent that the government has set. It was a one-off incident I would say... When the government pitched in, there was a lot of criticism from industry stalwarts (helping Vodafone Idea)," the analyst said.
According to data released by the Telecom Regulatory Authority of India on Friday, Reliance Jio Infocomm net added nearly 2 million mobile users in October while Bharti Airtel net added 1.25 million users, and Bharat Sanchar Nigam expanded its mobile customer base with 269,215 new users. Meanwhile, debt-ridden Vodafone Idea net lost 2.08 million mobile users in October and Mahanagar Telephone Nigam's mobile subscriber base contracted by 2,229 users.
TOP HEADLINES
* ICRA upgrades Indus Towers' NCDs, long-term rtg to 'AAA', outlook to stable
* Promoter Indian Continent sells 0.56% stake in Bharti Airtel via bulk deal
* Face $38 bln fine under amended Competition Act, Apple tells Delhi HC
* PRESS: Bharti Airtel promoter to sell 0.6% stake via block deals Wednesday
* Apple moves HC against CCI law on using global turnover of cos for penalties
* PRESS:Govt rejects TRAI proposal for satellite internet subsidy in rural area
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 | 2,101.60 | (-)2.80 | 2142.30 | 2076.10 |
| Mahanagar Telephone Nigam | 38.32 | (-)1.80 | 39.00 | 37.50 |
| Reliance Industries | 1567.50 | 1.40 | 1588.90 | 1552.30 |
| Tata Communications | 1815.20 | (-)5.50 | 1876.50 | 1777.30 |
| Tata Teleservices Maharashtra | 51.84 | 1.80 | 53.70 | 50.30 |
| Vodafone Idea | 9.96 | (-)0.10 | 10.20 | 9.80 |
| Nifty 50 | 26202.95 | 0.50 | 26327.10 | 26110.40 |
| S&P BSE Sensex | 85706.67 | 0.60 | 86143.50 | 85359.40 |
End
Reported by Shakshi Jain
Edited by Ashish Shirke
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