Telecom Stocks Outlook
Bias positive; BSE Telecom to find support at 2800
This story was originally published at 21:40 IST on 20 March 2026
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NEW DELHI – Analysts are positive on stocks of telecommunication companies for the coming week because of news towards the end of the week that is positive for Vodafone Idea Ltd. and Bharti Airtel Ltd.
"In this kind of environment, when geopolitical risks are rising, FIIs (foreign institutional investors) have been continuously selling, dollar index is rising, crude prices are rising, there are concerns about inflation, some sectors may remain slightly insulated and telecom is one of them," said Sugandha Sachdeva, founder of equity, commodity, and currency research firm SS WealthStreet.
The BSE Telecommunication index is likely to find support at 2800-2750 points next week while the zone between 3000 and 3080 points may pose resistance, said Ganesh Angaj, head technical analyst at NVS Brokerage Pvt. Ltd. Friday, the sectoral index ended 1% higher at 2855.09 points.
Shares of Vodafone Idea ended the week about 1% higher. Friday, the stock closed 4.5% up at INR 9.34 on the National Stock Exchange after the latest telecom subscriber data showed a sharp moderation in the fall of the company's user base. Bharti Airtel reported a healthy uptick in its subscriber base for January, adding 4.41 million net mobile users, taking its total active mobile subscribers to 466.09 million. Vodafone Idea's subscriber base was at 169.17 million.
Further, the Centre is not looking to dilute its 49% equity stake in Vodafone Idea and is discussing the next leg of the telecom production-linked incentive scheme, Mint reported Friday, based on an interview with Union Communications Minister Jyotiraditya Scindia.
TOP HEADLINES
* Data Alert: India adds 6.7 mln mobile users Jan, Airtel adds more than RJio
* RailTel secures INR 484 mln cybersecurity order from North Bihar discom
* Bharti Airtel receives INR 157 bln final payment for 2021 rights issue
* Tata Comm's Hong Kong arm incorporates JV with China co in Shanghai
* RailTel Corp gets 12-mo work order worth INR 426 million for new core link
* Tejas Networks gets order for 4G network expansion project in South Asia
* RailTel Corp gets INR 342.91-mln order from South Central Railway
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:
| Company | Price | Week-on-week change in % | Resistance | Support |
| Bharti Airtel | 1,846.10 | 2.40 | 1,873.90 | 1,820.10 |
| Mahanagar Telephone Nigam | 24.75 | (-)1.50 | 25.70 | 24.10 |
| Reliance Industries | 1,414.40 | 2.40 | 1,447.40 | 1,379.60 |
| Tata Communications | 1,416.80 | 1.30 | 1,483.70 | 1,376.70 |
| Tata Teleservices Maharashtra | 36.17 | (-)5.40 | 39.50 | 34.10 |
| Vodafone Idea | 9.34 | 0.80 | 9.70 | 8.90 |
| Index | Level | |||
| Nifty 50 | 23114.50 | (-)0.20 | 23453.30 | 22898.20 |
| S&P BSE Sensex | 74532.96 | (-)0.00 | 75636.10 | 73833.40 |
End
Reported by Shakshi Jain
Edited by Rajeev Pai
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