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Informist, Friday, Mar. 13, 2026

NEW DELHI – Analysts are positive on stocks of Bharti Airtel Ltd. and Reliance Jio Infocomm Ltd. due to structural support factors such as the rise in the number of smartphone users, uptick in data consumption and voice transactions, and the posibility of a tariff hike in the second half of 2026. "The assumption is ARPUs (average revenue per user) could move towards the INR 300-mark as we go into the future," a senior executive of a domestic brokerage house said.

"Bharti Airtel operations have improved, that is a positivity. Subscriber base is adding (up) month-on-month because loss of Vodafone Idea is gain of Bharti and Jio for the last many, many months if you go through the subscriber base," the executive added.  

On Friday, the BSE Telecommunication index ended at 2797.33 points, down 2.6% or 73.68 points. Over the week, the index fell 4.7%.

Global markets are on edge, with significant volatility driven by the anticipated implications of the ongoing war in West Asia. The ripple effects of the ongoing war have begun to show for the telecom industry as well. Earlier this week, the Digital Infrastructure Providers Association in a letter to the Ministry of Communications requested restoration of liquefied petroleum and natural gas supply to tower manufacturing plants as the stoppage has created a critical challenge for galvanisation operations. It was informed by major tower manufacturing partners that LPG supplies to them from oil marketing companies were discontinued from Mar. 5 in compliance with a government order that directed diversion of supplies for domestic purposes. 

"In order to prevent damage to the plants and maintain zinc in molten form for a limited duration, manufacturing partners have switched to low-flame operations. However, if the disruption continues, they may be compelled to remove molten zinc from the plants and shut down operations entirely," the think tank wrote in the letter, adding that such shutdown of plants would require additional time for restart, thereby prolonging the disruption in tower manufacturing operations.

The continued suspension of LPG and LNG supplies to tower manufacturing units is likely to adversely impact the supply chain and may lead to delays in ongoing and planned tower rollout activities, the infrastructure providers association said. 

TOP HEADLINES

* HFCL signs 5-year pact to supply optical fiber cables worth INR 101.6 bln    
* SC upholds Bharti Telecom's cancellation of 28.46 mln shares        
* Retailers say durables sales not hit by US-Iran war yet but prices may rise    
 

Following are the resistance and support levels for key telecom stocks for next week as per calculations based on their prices on the National Stock Exchange:

End

Reported by Shakshi Jain

Edited by Avishek Dutta

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