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Informist, Friday, May 15, 2026

 

NEW DELHI – Next week, market participants will react to Vodafone Idea Ltd.'s March quarter results, set to be announced on Saturday. Overall, analysts are positive on stocks of telecommunication companies for the next two weeks.

 

The major weekly support zone for the BSE Telecommunication index is placed near 3196 points and the index is currently holding firmly above this level, said Rishabh Srivastava, a research analyst at Lakshmishree Investment and Securities. On the upside, immediate resistance zone is seen around 3385 points, he added.

 

"Momentum indicators remain supportive, with RSI (relative strength index) trending higher and prices sustaining above key moving averages. Overall, BSE Telecom looks structurally strong and remains favourable for positional bullish momentum this month," Srivastava said.

 

On Friday, the key sectoral index ended at 3356.15 points, up 0.4%. 

 

Vodafone Idea is expected to report a narrower loss for the March quarter, helped by higher average revenue per user and lower finance costs after the government froze the company's adjusted gross revenue dues in December, according to analysts. The company's sequential revenue growth is expected to be in the low single digits, in line with the past two quarters. 

 

The company's consolidated net loss for the reporting quarter is likely to be INR 53.42 billion, according to the average of estimates from eight brokerages. This compares with an adjusted net loss of INR 63.64 billion in the December quarter and a net loss of INR 71.66 billion in the year-ago quarter.

 

The company's consolidated revenue for the March quarter is expected to grow around 2% sequentially and about 5% year-on-year to INR 115.28 billion, according to the average of estimates.

 

TOP HEADLINES

 

* Will not pass order against Apple in antitrust case till Jul 15: CCI to HC    
* Analyst Concall: Bharti Airtel aims to double down on ARPU levers, mgmt says    
* Earnings Outlook: Vodafone Idea Q4 consol net loss to narrow on higher ARPU    
* HFCL to set up defence mfg facility in Andhra, invest around INR 2.3 bln    
* Bharti Airtel to issue shrs to Indian Continent Investment in swap deal    
* Earnings Review: Bharti Airtel PAT up 10% QoQ, misses view on one-time cost    
* Earnings Review: Bharti Hexacom Q4 PAT falls on qtr for first time in 3 qtrs    
* Earnings Outlook: Dip in ARPU to drag down Bharti Hexacom Q4 sales, PAT    
* Vodafone Idea board to mull raising funds via shr issue on pref basis Sat    
* Earnings Outlook: Bharti Airtel Q4 PAT to outpace sales on cost optimisation    
* HFCL gets 2 orders worth INR 1.84 bln to export optical fiber cables    

 

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	1,905.40	3.90	1,945.40	1,860.40
Mahanagar Telephone Nigam	29.23	(-)8.9	30.30	28.40
Reliance Industries	1,336.40	(-)6.90	1,379.10	1,307.90
Tata Communications	1,680.00	5.50	1,736.30	1,639.30
Tata Teleservices Maharashtra	42.01	(-)4.70	44.30	40.30
Vodafone Idea	12.95	15.20	13.60	12.30
Index	Levels
Nifty 50	23643.50	(-)2.20	23926.70	23468.70
S&P BSE Sensex	75237.99	(-)2.70	76146.90	74685.00

 

End

 

Reported by Shakshi Jain

Edited by Avishek Dutta

 

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