Telecom Stocks Outlook
Overall bias seen positive; Bharti Airtel in focus
This story was originally published at 21:51 IST on 8 May 2026
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NEW DELHI – Next week, market participants will react to March quarter earnings of Bharti Airtel Ltd. while the overall view for stocks of companies in the telecommunication sector remains positive, analysts said. The BSE Telcommunication index is likely to find support at 3000 points and face resistance at 3350 points, according to Rishabh Srivastava, a research analyst at Lakshmishree Investment and Securities.
"On the downside, the 3,000 zone is acting as a strong support area. As long as the stock sustains above this level, the broader bullish outlook is expected to remain intact," Srivastava said.
Friday, the BSE Telecommunication index ended flat at 3203.89 points. However, over the week, the index dropped 4.2%.
Bharti Airtel is set to announce its March-quarter results on Wednesday. The company's consolidated net profit is expected to rise around 12% sequentially to INR 74.29 billion for the quarter, according to the average of estimates from eight brokerages. Its revenue is estimated at INR 552.90 billion, up 2.4% on quarter. The sequential growth in revenue was likely restricted due to two less days in the quarter, analysts said.
TOP HEADLINES
* RailTel Corp gets purchase order of INR 249.12 mln from New India Assurance
* Bharti Airtel arm launches cybersecurity platform for hybrid workforce
* RailTel gets letter of intent for INR 496.72-mln order from Karnataka govt
* HFCL, arm HTL get order worth INR 842 mln to supply optical fibre cables
* ITI CFO Barre resigns two months after being appointed
* Analyst Concall: Indus Towers looks to start Africa ops in less than 6 mos
* Earnings Review: Indus Towers Jan-Mar PAT flat QoQ, beats view by a whisker
* Telecom dept committee trims Vodafone Idea AGR dues to INR 640.5 bln
* Railtel Corp Jan-Mar PAT doubles QoQ to INR 1.42 billion
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 | 1,834.50 | (-)2.80 | 1,855.80 | 1,804.60 |
| Mahanagar Telephone Nigam | 32.09 | 2.90 | 35.00 | 30.10 |
| Reliance Industries | 1,435.20 | 0.30 | 1,457.10 | 1,406.50 |
| Tata Communications | 1,592.30 | 0.80 | 1,626.60 | 1,558.00 |
| Tata Teleservices Maharashtra | 44.10 | 2.70 | 45.30 | 43.10 |
| Vodafone Idea | 11.24 | 10.00 | 11.70 | 10.80 |
| Index | Levels | |||
| Nifty 50 | 24176.15 | 0.70 | 24312.70 | 24058.40 |
| S&P BSE Sensex | 77328.19 | 0.50 | 77875.00 | 76873.00 |
End
Reported by Shakshi Jain
Edited by Deepshikha Bhardwaj
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