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Informist, Friday, Aug. 14, 2026

 

NEW DELHI – Analysts are positive on stocks of telecommunication companies in the near term after witnessing consistent improvement on multiple parameters such as subscriber base and average revenue per user. Before the widely anticipated tariff hikes, market participants will watch out for other ways companies may adapt to improve average revenue per user, such as elimination of plans priced at lower levels.

 

This comes after sector giant Bharti Airtel earlier this week discontinued its prepaid plans priced at INR 299, INR 579, INR 619, and INR 649, while retaining its entry-level plan worth INR 199. Those unpopular plans were scrapped to improve the pricing structure as operating expenses rise and boost the average revenue per user, a source told Informist. A similar move is now awaited from rival Reliance Jio Infocomm, for whom the sequential growth in average revenue per user has been slower.

 

The June quarter earnings of top players in the sector did not spring any surprises and were largely in line with expectations, Piyush Pandey, senior vice-president and research analyst at Centrum Broking, said. After Bharti Airtel's move to scrap some lower-priced plans, which is expected to result in a marginal growth in the company's average revenue per user, Pandey reckons telecom service providers may slightly delay tariff hikes widely anticipated.

 

The coming week, the BSE Telecommunication Index is expected to find initial support at 3560 points and face resistance at 3790 points, according to Ganesh Angaj, head technical analyst at NVS Brokerage. Beyond these levels, Angaj anticipates support and resistance at 3450 points and 3880 points, respectively. "The overall structure remains bullish as the index is trading above its rising moving averages while momentum indicators are improving and supporting the positive bias," Rishabh Srivastava, research analyst at Lakshmishree Investment and Securities, said.

 

Friday, the key sectoral index ended almost 0.9% higher at 3703.77 points, even as a majority of the index constituents ended in the red. At the same time, major players such as Bharti Airtel, its subsidiary Bharti Hexacom, and Vodafone Idea ended higher. Over the week, the index rose 3.1% while the benchmark BSE Sensex dropped 0.6%.

TOP HEADLINES
* Bharti Airtel removes select prepaid plans; move likely to aid ARPU growth
* Analyst Concall: Vodafone Idea expects to maintain current ARPU growth
* Earnings Review: One-time gain, ARPU rise help Vodafone Idea narrow Q1 loss
* TRAI starts implementing 1601 series for utilities, logistics sectors
* Airtel Business, ITI to digitise legacy operations in domestic enterprises

 

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	1,992.10	1.60	2,050.40	1,902.80
Mahanagar Telephone Nigam	26.35	(-)5.30	26.80	26.10
Reliance Industries	1,310.00	(-)1.90	1,325.70	1,293.70
Tata Communications	1,718.10	(-)2.10	1,783.10	1,681.90
Tata Teleservices Maharashtra	38.59	(-)2.00	39.10	38.20
Vodafone Idea	14.11	10.80	14.60	13.20
Index	Levels
Nifty 50	24366.00	(-)0.80	24464.40	24247.60
S&P BSE Sensex	78009.25	(-)0.60	78278.70	77549.60

 

End

 

Reported by Shakshi Jain

Edited by Shubhayan Bhattacharya

 

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