Telecom Stocks Outlook
Bias seen positive next week; Vodafone Idea in focus
This story was originally published at 22:11 IST on 30 April 2026
Register to read our real-time news.Informist, Thursday, Apr. 30, 2026
NEW DELHI – Monday, investors will react to the downward revision in Vodafone Idea Ltd.'s adjusted gross revenue dues to INR 640.46 billion from INR 876.95 billion earlier. "It is a welcome relief for the company," Piyush Pandey, senior vice-president and research analyst at Centrum Broking Ltd. said, adding that it will help the company in closing its planned fund raise of INR 250 billion to ramp up its capital expenditure.
As part of the final decision of the committee appointed by the Department of Telecom to reassess Vodafone Idea's AGR dues, the company will pay a minimum of INR 1 billion per year over four years, starting 2031-32 (Apr-Mar). The remaining amount will be paid in six equal instalments annually from FY36 to FY41, the company said in an exchange filing late Thursday.
Overall, analysts are positive on stocks of telecom companies for the coming week. The BSE Telcommunication index is likely to find initial support at 2973 points and face resistance at 3160 points, according to Ganesh Angaj, head technical analyst at NVS Brokerage Pvt. Ltd. Beyond these levels, Angaj estimated support and resistance at 2915 points and 3205 points, respectively.
Thursday, the key sectoral index ended flat at 3075.53 points. The index rose over 4% during the week.
TOP HEADLINES
* HFCL forms committee to evaluate merger, demerger, restructuring opportunity
* RailTel gets INR 138.41 million order from Delhi education department
* HFCL Jan-Mar consol PAT rises 82.9% QoQ to INR 1.79 billion
* Indus Towers incorporates investment arm in GIFT-city
* Earnings Outlook:Indus Towers sales seen up on higher co-location, tenancies
* RailTel gets INR 1.5-bln order from Coal India subsidiary
* TRAI floats consultation paper tweaking public Wi-Fi network regulations
* SC notice to MTNL vs HC fresh hearing order in Motorola arbitral award case
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 | 1,886.80 | 4.00 | 1,930.30 | 1,838.30 |
| Mahanagar Telephone Nigam | 31.18 | 1.90 | 31.80 | 30.30 |
| Reliance Industries | 1,430.80 | 7.80 | 1,464.20 | 1,376.40 |
| Tata Communications | 1,580.50 | 3.90 | 1,601.40 | 1,557.80 |
| Tata Teleservices Maharashtra | 42.93 | (-)3.80 | 44.10 | 42.00 |
| Vodafone Idea | 10.22 | 7.40 | 10.50 | 9.90 |
| Index | Levels | |||
| Nifty 50 | 23997.55 | 0.40 | 24251.20 | 23670.00 |
| S&P BSE Sensex | 76913.50 | 0.30 | 77804.40 | 75813.40 |
End
Reported by Shakshi Jain
Edited by Deepshikha Bhardwaj
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
