5 Top Telecom Stocks to Invest in 2024

Published : 05 June 2024

Bharti Airtel

It is a leading player in the communication industry with a large network. It is currently trading around Rs. 1340.80 with an ROCE of 11.01% and an ROE of 9.19%. Its OPM is 25.71%.

Tata Communications

The company offers communication solutions that range from network services to cloud options. It is trading around Rs. 1767.00. Its ROCE and ROE are 18.75% and 54.20% respectively. While the OPM was 9.74%.

Indus Towers

The company is a result of the merger between Bharti Infratel Limited and Indus Towers. It has been trading around Rs.346.25 with an ROCE of 21.84% and ROE of 22.32%. The company has reported the OPM at 34.91%.

Himachal Futuristic Communications

The company produces telecom products and offers solutions related to turnkey services and basic telephony as well as ISP services. It is currently trading at around Rs. 101.60 with an ROCE of 13.95% and ROE of 8.33%. Its OPM is around 13.44%. 

Sterlite Technologies

The company offers broadband as well as optical networking services and is focused on 5G tech. The company’s share is trading at around Rs. 126.00. Its ROCE and ROE are 9.26% and -2.52% respectively. At the same time, the OPM is 5.33%.