Telecom Stocks Outlook
Seen steady; investors await Indus Towers earnings
This story was originally published at 22:34 IST on 24 July 2026
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NEW DELHI – Shares of telecommunication companies are likely to remain largely steady next week, with stock-specific moves expected following the June-quarter earnings of Indus Towers Ltd. The company will announce its June-quarter results on Monday.
Indus Towers' consolidated net profit in the June quarter is likely to stay largely unchanged sequentially at INR 17.96 billion, according to the average of estimates from seven brokerages. This would, however, mean a year-on-year rise of 3%. The telecommunications infrastructure provider's consolidated revenue for the quarter is likely to rise 4% sequentially and year-on-year to INR 83.83 billion, as per the average of estimates.
JM Financial Services Ltd. estimates Indus Towers to have net added about 3,500 towers in the June quarter and built in 5,500 net tenancy additions.
Friday, the BSE Telecommunication Index ended 0.9% lower at 3542.07 points with a majority of the index constituents ending in the red. During the week, the index fell 1.7%. Friday, the BSE Sensex ended 0.4% lower at 76059.77 points, with the index falling 2.7% during the week.
Next week, the BSE Telecommunication index is expected to find initial support at 3452 points and face resistance at 3597 points, according to Ganesh Angaj, head technical analyst at NVS Brokerage Pvt. Ltd. Beyond these levels, Angaj anticipates support and resistance at 3424 points and 3642 points, respectively.
TOP HEADLINES
* Analyst Concall:Tata Comm sees digital portfolio moving towards profitability
* Earnings Review: Weak sales, higher network costs drag down Tata Comm Q1 PAT
* Earnings Review: Weak sales, higher network costs drag dn Tata Comm Q1 PAT
* HFCL Apr-Jun consol PAT rises 28.1% QoQ to INR 2.29 billion
* Tata Tele Maha posts INR 721.5-million loss in Apr-Jun vs PAT qtr ago
* Earnings Outlook: Traction in data services ops to drive Tata Comm Q1 PAT
* CRISIL Ratings reaffirms 'AAA' rtg on Indus Towers' long-term bk facilities
The 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 | 1898.20 | (-)0.60 | 1920.70 | 1866.70 |
| Mahanagar Telephone Nigam | 27.11 | (-)3.50 | 27.80 | 25.90 |
| Reliance Industries | 1278.00 | (-)3.70 | 1304.00 | 1236.80 |
| Tata Communications | 1775.30 | (-)2.30 | 1823.80 | 1727.40 |
| Tata Teleservices Maharashtra | 39.38 | (-)2.20 | 41.30 | 37.80 |
| Vodafone Idea | 13.13 | (-)4.40 | 13.40 | 12.60 |
| Index | Levels | |||
| Nifty 50 | 23767.45 | (-)2.30 | 23949.80 | 23515.20 |
| S&P BSE Sensex | 76059.77 | (-)2.70 | 76651.60 | 75178.50 |
End
Reported by Shakshi Jain
Edited by Saji George Titus
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