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Informist, Friday, Dec. 26, 2025

 

MUMBAI – Shares of Bharti Airtel Ltd. are likely to consolidate in the short term, ranging between INR 2,040 to INR 2,170, according to Vipin Kumaar, derivatives and technical analyst at Globe Capital Market. With a positive outlook on Vodafone Idea Ltd., the analyst said the stock is expected to find support at INR 11.00 to INR 11.50 and resistance at around INR 13.00 to INR 13.30. 

 

Retail equity research of ICICI Securities prefers Bharti Airtel due to its lead in key metrics such as its average revenue per user, which is at INR 256 as compared to Jio's average revenue per user of INR 211.40. The brokerage expects Bharti Airtel's average revenue per user to see around a compounded annual growth rate of 11% over FY25 to FY27 to INR 288, which includes a tariff hike of 10% in FY26 along with mix-led improvement. 

 

The stepped-up tariff hikes are expected to drive the margin for the company's India business to improve to 61% in FY27, the brokerage added. The company's strong cash flow generation of over INR 600 billion and its strong overall India margin of 58.5% excluding the Indus Tower business, against Reliance Jio Infocomm Ltd.'s margins of 54.2% are other integral reasons why the brokerage prefers the company. 

 

The telecom sector is expected to lead the growth in earnings over 2025-26 (Apr-Mar) to FY28, according to ICICI Direct. This is on the back of the successful pass-through of price hikes, leading to higher average revenue per user. Balance sheet deleveraging due to lower costs will also help the telecom players with their earnings over the period, according to the brokerage. A 15-18% hike in tariffs over the next two years is seen as necessary for the sector to see an average revenue per user of INR 300, an analyst had said earlier. This is crucial for companies to have a reasonable return on investments for the telecom players to make investments in 6G technology.

 

According to a note from the Cellular Operators Association of India, or the COAI, the overall subscriber base reached 1.2 billion by November. India has seen strong network expansion, according to the note from the association, with over 515,000 fifth-generation base transceiver station across the country. Average mobile data is also expected to increase to 65 gigabytes per month by 2031 from the current 36GB per month. 

 

TOP HEADLINES

* Vodafone Idea gets demand orders from Mumbai, Bengaluru tax depts
* HFCL raises INR 5.50 bln via QIP, Rajasthan Global Securities top investor
* HFCL QIP closes Wed, issue price set at INR 62.55 per share
* HFCL QIP opens Monday, floor price set at INR 65.84 per share
* Not signed any sale pact for land parcels identified for monetisation - ITI

 

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	2,105.40	0.40	2131.30	2088.90
Mahanagar Telephone Nigam	37.09	2.90	38.30	35.90
Reliance Industries	1559.20	(-)0.40	1564.90	1551.50
Tata Communications	1777.60	(-)2.60	1818.30	1749.70
Tata Teleservices Maharashtra	50.14	0.50	50.90	49.70
Vodafone Idea	11.94	(-)0.20	12.20	11.80
Nifty 50	26042.30	0.30	26200.60	25929.40
S&P BSE Sensex	85041.45	0.10	85560.00	84678.60

 

End

 

Reported by Akshat Saksena

Edited by Deepshikha Bhardwaj

 

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