Telecom sector poised for growth: Analysts bullish on these large-cap stocks, here is why
The telecom sector in India is buzzing with excitement as Nifty50 and Sensex reach all-time high levels. Foreign brokerage UBS has released a report predicting significant shifts and upgrades for major companies in the industry. According to UBS analysts, there is a projected 15-20 per cent increase in mobile prices over the next 12–24 months, driven by anticipated relief measures and regulatory support from the Indian government.
Anil Singhvi, Managing Editor of Zee Business, is also optimistic about the telecom sector for the next two years. He recommends that investors consider putting a significant portion of their money into telecom companies.
UBS analysts believe that the market has already factored in the expected price hikes, which are likely to materialize in the next two years. This optimism is based on potential relief measures such as Adjusted Gross Revenue (AGR) reductions by the Supreme Court and equity conversions and moratoriums by the government. The government’s objective is to ensure the viability of three private telecom operators, which would enhance industry stability and competition.
Singhvi emphasized the importance of telecom in India’s digital transformation, highlighting the country’s high data consumption and the crucial role of telecom infrastructure in economic growth, especially in technology and digital payments. He recommended investing in major telecom companies such as Bharti Airtel, Vodafone Idea, and Reliance Jio, despite challenges like pricing issues and uncertain regulations.
UBS has upgraded its rating on Vodafone Idea Ltd (VIL) from ‘neutral’ to ‘buy’, with a target price of Rs 18. The brokerage expects government relief on dues to benefit VIL the most due to its heavily leveraged position. The stock is currently trading at an 11x FY26 EV/EBITDA and has the potential for a significant upside. Bharti Airtel, on the other hand, maintains a ‘neutral’ rating from UBS with a target price of Rs 1,430, reflecting the company’s stable position in the market.
UBS has also raised its target price for Indus Towers, retaining a ‘neutral’ rating on the stock. Overall, the telecom sector in India is poised for growth and investors are advised to keep a close eye on these companies for potential opportunities in the market. Hello DailyBubble readers! Today we are excited to share with you an article about the latest news in the entertainment industry.
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