Best Telecom Stocks in India (2025)
Discover top Indian telecom stocks based on market capitalisation, with high growth potential in the world’s second-largest telecom market, valued at $35.9 bn.
List of Best Telecom Sector Stocks in India (2025)
Telecom Stocks
List of Telecom stocks listed in NSE.
last updated at 6:30 AM IST
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Showing 1 - 20 of 32 results
last updated at 6:30 AM IST
| NameStocks (32)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Bharti Airtel LtdBHARTIARTL | Telecom ServicesTelecom Services | 11,07,727.9011,07,727.90 | 1,848.401,848.40 | 148.35148.35 | 9.329.32 | 18.4518.45 | 44.9244.92 | 10.4910.49 | 7.047.04 | 11.6511.65 | |
| 2. | Indus Towers LtdINDUSTOWER | Telecom InfrastructureTelecom Infrastructure | 1,02,377.771,02,377.77 | 388.20388.20 | 10.3110.31 | 3.643.64 | 19.4319.43 | 18.4118.41 | 3.793.79 | 25.0725.07 | 32.3532.35 | |
| 3. | Bharti Hexacom LtdBHARTIHEXA | Telecom ServicesTelecom Services | 85,985.0085,985.00 | 1,719.701,719.70 | 170.47170.47 | 21.5721.57 | 25.0925.09 | 97.9797.97 | 18.5418.54 | 11.4011.40 | 14.3014.30 | |
| 4. | Vodafone Idea LtdIDEA | Telecom ServicesTelecom Services | 72,589.8372,589.83 | 6.706.70 | -2.32-2.32 | -7.98-7.98 | -14.43-14.43 | -47.04-47.04 | -0.70-0.70 | -- | -3.55-3.55 | |
| 5. | Tata Communications LtdTATACOMM | Telecom ServicesTelecom Services | 43,200.3043,200.30 | 1,515.801,515.80 | 23.5223.52 | -2.72-2.72 | -14.26-14.26 | -12.18-12.18 | 24.1324.13 | 58.0058.00 | 28.1428.14 | |
| 6. | ITI LtdITI | Telecom EquipmentsTelecom Equipments | 23,181.4023,181.40 | 241.25241.25 | -40.75-40.75 | 1.871.87 | -26.30-26.30 | -13.00-13.00 | 12.9912.99 | -27.36-27.36 | -14.94-14.94 | |
| 7. | Tejas Networks LtdTEJASNET | Telecom EquipmentsTelecom Equipments | 11,885.3111,885.31 | 678.30678.30 | 26.6226.62 | -15.55-15.55 | -49.54-49.54 | -37.18-37.18 | 3.773.77 | 2.062.06 | 27.4127.41 | |
| 8. | HFCL LtdHFCL | Telecom EquipmentsTelecom Equipments | 10,691.2410,691.24 | 74.1474.14 | 32.4232.42 | -0.32-0.32 | -42.12-42.12 | -20.45-20.45 | 2.672.67 | 9.239.23 | 13.9713.97 | |
| 9. | Tata Teleservices (Maharashtra) LtdTTML | Telecom ServicesTelecom Services | 10,540.9710,540.97 | 53.9253.92 | -8.27-8.27 | -1.95-1.95 | -23.32-23.32 | -28.87-28.87 | -0.59-0.59 | -- | -4.84-4.84 | |
| 10. | Sterlite Technologies LtdSTLTECH | Telecom EquipmentsTelecom Equipments | 2,995.352,995.35 | 61.3961.39 | -58.73-58.73 | 13.8913.89 | -27.85-27.85 | -25.01-25.01 | 1.481.48 | -2.48-2.48 | 9.789.78 | |
| 11. | Mahanagar Telephone Nigam LtdMTNL | Telecom ServicesTelecom Services | 2,458.262,458.26 | 39.0239.02 | -0.75-0.75 | -4.82-4.82 | -19.33-19.33 | 15.8815.88 | -0.10-0.10 | -- | -60.28-60.28 | |
| 12. | GTL Infrastructure LtdGTLINFRA | Telecom InfrastructureTelecom Infrastructure | 1,729.231,729.23 | 1.351.35 | -1.98-1.98 | -8.72-8.72 | -36.62-36.62 | -12.90-12.90 | -0.34-0.34 | -- | -1.18-1.18 | |
| 13. | Vindhya Telelinks LtdVINDHYATEL | Telecom EquipmentsTelecom Equipments | 1,536.941,536.94 | 1,296.901,296.90 | 5.445.44 | 4.164.16 | -36.41-36.41 | -44.82-44.82 | 0.390.39 | 7.667.66 | 9.099.09 | |
| 14. | Suyog Telematics LtdSUYOG | Telecom InfrastructureTelecom Infrastructure | 992.52992.52 | 887.00887.00 | 15.6815.68 | -5.27-5.27 | -50.23-50.23 | -20.73-20.73 | 3.333.33 | 23.7723.77 | 21.5421.54 | |
| 15. | SAR Televenture LtdSARTELE | Telecom InfrastructureTelecom Infrastructure | 807.48807.48 | 217.40217.40 | 51.5651.56 | -13.11-13.11 | -37.60-37.60 | 18.8118.81 | 11.2511.25 | 37.4437.44 | 6.486.48 | |
| 16. | Digispice Technologies LtdDIGISPICE | Telecom EquipmentsTelecom Equipments | 431.74431.74 | 18.4818.48 | 36.9636.96 | -2.17-2.17 | -38.17-38.17 | -31.93-31.93 | 1.751.75 | 4.874.87 | 8.598.59 | |
| 17. | Valiant Communications LtdVALIANT | Telecom EquipmentsTelecom Equipments | 428.20428.20 | 561.35561.35 | 69.0669.06 | 16.9616.96 | -6.54-6.54 | 15.9915.99 | 8.258.25 | 14.6114.61 | 15.9815.98 | |
| 18. | Birla Cable LtdBIRLACABLE | Telecom EquipmentsTelecom Equipments | 426.99426.99 | 142.33142.33 | 19.2819.28 | 0.410.41 | -34.59-34.59 | -42.68-42.68 | 1.701.70 | 9.229.22 | 13.3513.35 | |
| 19. | Kore Digital LtdKDL | Telecom InfrastructureTelecom Infrastructure | 380.20380.20 | 316.20316.20 | 33.0933.09 | 1.571.57 | -56.93-56.93 | -0.43-0.43 | 5.085.08 | 28.5428.54 | 21.9121.91 | |
| 20. | Reliance Communications LtdRCOM | Telecom ServicesTelecom Services | 370.47370.47 | 1.351.35 | -0.05-0.05 | -7.89-7.89 | -31.82-31.82 | -6.67-6.67 | -0.00-0.00 | -- | 8.798.79 |
Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Selection criteria: Sub-sector: Telecom Equipment, Infrastructure & Services | Market Cap: Sorted from Highest to Lowest
Selection criteria: Sub-sector: Telecom Equipment, Infrastructure & Services | Market Cap: Sorted from Highest to Lowest
Update: Union Budget FY 2025-26 on Telecom Sector
In the Union Budget presentation on 1st February, 2025, Finance Minister Nirmala Sitharaman allocated ₹95,298 cr. to the information technology and telecommunications sectors. This allocation supports the continued growth and technological advancements within these crucial sectors.
Reduction in Basic Customs Duty
- Basic Customs Duty on Carrier Grade Ethernet Switches was reduced from 20% to 10%.
- Expected to promote technological adoption in telecommunications.
Duty Exemptions
- Exemptions for inputs, parts, and sub-parts used in manufacturing cellular mobile phones.
- Exemptions also apply to satellite and launch vehicle installations.
Overview of the Top Telecom Stocks in India
Bharti Airtel Ltd
Bharti Airtel is a global telecommunications company offering mobile, broadband, digital TV, and enterprise solutions across Asia and Africa. Known for its extensive network infrastructure, it plays a pivotal role in India's telecom industry with innovative digital services and mobile connectivity.
Indus Towers Ltd
Indus Towers is India’s largest telecom tower company, providing passive infrastructure services to telecom operators. Formed through a merger with Bharti Infratel, it enables seamless connectivity by deploying and maintaining towers, contributing significantly to India’s digital growth and mobile network expansion.
Bharti Hexacom Ltd
Bharti Hexacom is a subsidiary of Bharti Airtel, providing telecom services in Rajasthan and the North-East circle of India. It focuses on mobile communication, data services, and broadband solutions, catering to the unique needs of semi-urban and rural areas, driving regional connectivity and growth.
Vodafone Idea Ltd
Vodafone Idea is one of India’s major telecom operators, formed by the merger of Vodafone India and Idea Cellular. It offers mobile, broadband, and digital services, striving to enhance customer experience through improved network coverage and innovative digital solutions, competing in the evolving telecom landscape.
Tata Communications Ltd
Tata Communications is a global digital ecosystem enabler, providing network, cloud, security, and mobility solutions. As a part of the Tata Group, it plays a crucial role in international telecommunications, offering enterprises connectivity, IoT, and managed services and supporting digital transformation across industries.
Advantages of Investing in Telecom Stocks in India
Stable Revenue Streams
Telecom companies or mobile network stocks provide essential services like voice communication and internet access, ensuring consistent demand and predictable revenues.
Growth Potential
The rollout of technologies such as 5G and increasing data consumption present significant growth opportunities for telecom companies and broadband stocks in India.
High Entry Barriers
Significant infrastructure investments create high entry barriers for new competitors and telecom infrastructure stocks, protecting established companies' market share.
Government Support
Favourable policies and incentives from the Indian government, such as the Production-Linked Incentive (PLI) scheme, create a supportive environment for telecom sector growth, including 5G stocks in India.
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Factors to Consider Before Investing in Telecom Stocks
Regulatory Environment
The telecom sector is heavily regulated, with policies that can significantly impact company operations and profitability. Stay informed about regulatory changes and their potential effects on telecom industry investments.
Market Position
You can assess a company's market share and competitive advantage. Wireless communication stocks with strong market positions are generally more resilient to industry challenges.
Financial Health
You can also examine financial statements, focusing on revenue growth, profit margins, and debt levels of telecom service provider stocks. A solid financial foundation and telecom stock performance may indicate a company's ability to withstand market fluctuations.
Technological Advancements
You can consider a company's investment in new technologies like 5G and fiber optics. Early adoption can provide a competitive edge and open new revenue streams for telecom sector stocks.
Capital Expenditures
Telecom shares require significant capital investments for network maintenance and upgrades. You can evaluate a company's capital expenditure relative to its revenue to gauge its commitment to network enhancement.
Competitive Landscape
You can also analyse the level of competition within the telecom industry. High competition can affect the pricing power and profit margins of telecommunication stocks.
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Frequently Asked Questions on Telecom Stocks
1. Which are the top telecom companies in India by market capitalisation?
The best-performing telecom stocks by market capitalisation are:- Bharti Airtel Ltd
- Indus Towers Ltd
- Bharti Hexacom Ltd
- Vodafone Idea Ltd
- Tata Communications Ltd
2. Is Reliance Jio publicly listed?
As of March 2024, Reliance Jio is not publicly listed. It is a subsidiary of Reliance Industries Limited (RIL). Speculations about a potential IPO persist, but no formal announcement has been made.3. How has the 5G rollout impacted Indian telecom companies?
The introduction of 5G has led to increased capital expenditure but offers potential for higher revenues through enhanced services and applications.4. How does government policy affect telecom companies in India?
Government policies on spectrum allocation, licensing, and tariffs can significantly impact profitability and operations.5. How are tariff hikes impacting emerging telecom companies' revenues?
Tariff hikes by companies like Bharti Airtel are expected to increase mobile revenues by 7%-9% for FY 2025-FY 2027.
