Telecom Services share price target

growth. We maintain our positive stance on the telecom sector given the much needed tariff hikes undertaken by the companies. Maintain Accumulate' rating on Bharti with SOTP-based TP of Rs1,916 valuing the India business at 13x FY27...

India's total wireless subscriber base increased by 19.3 lakh subscribers MoM on a net basis, reaching 116.4 crore in August.

Reliance Jio and BSNL gained active subscribers MoM, while Bharti Airtel and Vodafone lost subscribers MoM.

Our Key Picks: Our Top Result BUY: Bharti Airtel

India's total wireless subscriber base decreased by 14.8 lakh subscribers MoM on a net basis, reaching 117 crore in July.

All telecom services providers, except BSNL, lost subscribers YoY.

India's total wireless subscriber base increased by 13 lakh subscribers MoM on a net basis, reaching 117.1 crore in June.

India's total wireless subscriber base increased by 20.6 lakh subscribers MoM on a net basis, reaching 116.9 crore in May.

Reliance Jio and Bharti Airtel gained subscribers, while Vodafone Idea and BSNL continued to lose subscribers YoY.

Our top positive plays are: Bharti Airtel

India's total wireless subscriber base increased by 14.5 lakh subscribers MoM on a net basis, reaching 116.7 crore in April.

Reliance Jio and Bharti Airtel gained subscribers, while Vodafone Idea and BSNL continued to lose subscribers YoY.

India's total wireless subscriber base increased by 85 lakh subscribers MoM on a net basis, reaching 116.6 crore in March.

Reliance Jio and Bharti Airtel gained subscribers, while Vodafone Idea and BSNL continued to lose subscribers YoY.

India's total wireless subscriber base increased by 14.8 lakh subscribers MoM on a net basis, reaching 116.5 crore in February.

Reliance Jio and Bharti Airtel gained subscribers, while Vodafone Idea and BSNL continued to lose subscribers YoY.

India's total wireless subscriber base increased by 22.2 lakh subscribers MoM on a net basis, reaching 116.1 crore in January.

India's total wireless subscriber base saw an increase of 43.2 lakh subscribers MoM on a net basis, reaching 115.9 crore in December.

Reliance Jio and Bharti Airtel experienced subscriber gains, while Vodafone Idea and BSNL continued to lose subscribers YoY.

India's total wireless subscriber base increased MoM by 31.9 lakh subscribers on a net basis, reaching 115.4 crore in November.

Reliance Jio and Bharti Airtel experienced subscriber gains, while Vodafone Idea and BSNL continued to lose subscribers YoY.

India's total wireless subscriber base increased MoM by 8.3 lakh subscribers on a net basis, reaching 115 crore in October.

Reliance Jio and Bharti Airtel experienced subscriber gains, while Vodafone Idea and BSNL continued to lose subscribers YoY.

India's total wireless subscriber base saw a significant increase of 17.2 lakh subscribers, reaching a total of 115 crore in September.

Reliance Jio and Bharti Airtel gained subscribers, while Vodafone Idea and BSNL continued to lose subscribers YoY.

India's total wireless subscriber base saw a substantial increase of 15.2 lakh subscribers on a net basis, reaching 114.8 crore in August.

Reliance Jio and Bharti Airtel gained subscribers, while Vodafone Idea and BSNL continued to lose them.