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Top 5 Popular Telecom Stocks In India 2021

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The Cabinet announced a four-year embargo on the payment of the Aggregated Gross Revenue (AGR) dues, which came as a huge relief to the debt-ridden carriers Vodafone Idea and Bharti Airtel.

 

The move is likely to provide interim cash flow relief to the sector, which is now burdened by dues from two of the three largest private carriers.

For using government-owned spectrum, all telecom businesses in India are required to pay a portion of their income as spectrum charges and license fees to the Department of Telecommunications (DoT).

Bharti Airtel

Bharti Airtel

Bharti Airtel, often known as Airtel, is an Indian telecommunications services business headquartered in New Delhi

Over a three-year period, the stock returned 80.97 percent, compared to 46.34 percent for the S&P BSE Telecom index. The stock returned 80.97 percent over three years, compared to 49.67 percent for the Nifty 100.

Around 22% of Bharti's debt is denominated in foreign currency and is not hedged. The rupee's weakness might put pressure on the company's bottom line. Annual sales growth of 13.17 percent surpassed the company's three-year CAGR of 6.39 percent.

Vodafone Idea
 

Vodafone Idea

A share of a struggling telecom On the BSE, Vodafone Idea gained 7.01 percent intraday to Rs 9.30, compared to a previous closing of Rs 8.69. The Vodafone Idea share price is higher than the five-day, twenty-day, fifty-day, and hundred-day moving averages, but lower than the 200-day moving averages. Later, the shares finished at Rs 8.93, up 2.76 percent.

Telco AGR dues will be suspended for four years, according to the government. Telcos would also be able to give up unutilized spectrum. Telcos will be offered the option of turning a portion of their dues into government equity now and a portion of their dues into government equity after four years.

TataTeleservice

TataTeleservice

Tata Tele Business Services Limited, formerly Tata Tele Services Limited, is a Mumbai-based Indian broadband and telecommunications company. It is a subsidiary of the Tata Group, a conglomerate based in India. Stock returned 632.99 percent over three years, compared to 52.01 percent for the Nifty Midcap 100.

Over a three-year period, the stock returned 632.99 percent, compared to 46.34 percent for the S&P BSE Telecom index. In the fiscal year ended March 31, 2021, the company spent 149.58 percent of its operational revenues on interest charges and 4.73 percent on labour costs.

MTNL

MTNL

Bharat Sanchar Nigam Limited owns Mahanagar Telephone Nigam Limited, d/b/a MTNL, which is headquartered in New Delhi, India. MTNL operates in India's metro cities of Mumbai and New Delhi, as well as the African island nation of Mauritius.

Mahanagar Telephone Nigam Ltd., founded in 1986, is a Small Cap business in the Telecommunications industry with a market capitalization of Rs 1,178.10 crore.Over a three-year period, the stock returned 17.72 percent, compared to 46.34 percent for the S&P BSE Telecom index. Stock returned 17.72 percent over three years, compared to 45.43 percent for the Nifty Smallcap 100.

Indus Tower

Indus Tower

Bharti Enterprises Ltd, another unit of the Indian multinational conglomerate, is ranked second among the Best Telecom Stocks to Buy. Bharti Infratel, now known as Indus Tower, is a tower and infrastructure provider. Only 2.65 percent of trading sessions in the last eight years had intraday gains of more than 5%.

Annual sales growth of 99.07 percent surpassed the company's three-year CAGR of 28.41 percent. The stock returned -10.32 percent over three years, compared to 49.67 percent for the Nifty 100.

Disclaimer

Disclaimer

Other popular telecom stocks include Tata Communications, ITI Ltd., Tejas Network, and Reliance Communications.

This article is strictly for informational purposes only. It is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author of this article do not accept culpability for losses and/or damages arising based on information in this article.

Read more about: stocks to buy telecom stocks
Story first published: Wednesday, September 15, 2021, 16:59 [IST]
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