As internet demand surges, certain stocks are well-positioned to benefit from this ongoing trend. The global reliance on digital connectivity has been fuelled by remote work, streaming, e-commerce, and cloud computing, creating potential growth opportunities for companies supporting online infrastructure and services.
Investing in stocks that cater to the growing internet economy could prove profitable for those looking to capitalise on this demand.
Furthermore, the Indian government’s BharatNet project, with a ₹61,000 crore budget, aims to provide affordable high-speed broadband to rural areas through a Public-Private Partnership model. The government is providing ₹19,041 crore in Viability Gap Funding to connect 3.61 lakh villages, leveraging the private sector’s capabilities to bridge the digital divide. This government initiative will be instrumental in boosing this sector’s growth.
1. HFCL Limited
HFCL Limited, formerly Himachal Futuristic Communications Limited, is a prominent player in India’s telecommunications sector. Founded in 1987 and rebranded in 2019, HFCL, headquartered in New Delhi with a market capitalisation of ₹18,446 crore, specialises in telecom equipment and infrastructure solutions.
Its offerings span optical fibre cables (OFC), wireless systems, and transmission equipment. HFCL also provides end-to-end telecom infrastructure solutions, including optical networks and defence communication projects, with a strong focus on innovation supported by substantial R&D investments.
In recent developments, HFCL is expanding internationally with a new OFC plant in Poland and increasing its defence sector focus. Recent strategic wins include a ₹1,130 crore order from BSNL and India’s first 5G equipment order valued at ₹620 crore. HFCL’s order book as of March 31, 2024, stands at ₹7,690 crores, supporting future growth across telecom, defence, and railway sectors.
HFCL Limited’s revenue has decreased from Rs. 4,743 crore in FY23 to Rs. 4,465 crore in FY24, which is down by 5.8 percent. The net profit of the company has increased by 6.28 percent from Rs. 318 crore in FY23 to Rs. 338 crore in FY24.
2. Tejas Networks
Established in 2000 by Sanjay Nayak, Tejas Networks is a Bangalore-based telecommunications infrastructure provider with over 1,900 employees. The company delivers advanced solutions in optical networking, wireless access, and broadband, supporting reliable and scalable telecom systems. Operating in more than 75 countries, Tejas Networks serves telecom providers, ISPs, utilities, and government agencies worldwide.
With over 445 global patents, Tejas is dedicated to innovation, offering 4G/5G solutions, FTTH systems, and packet transport technology that meets international standards like ITU, IEEE, and 3GPP.
Recent achievements underscore Tejas Networks growth trajectory. Major contracts include a partnership with BSNL for pan-India 4G/5G deployment and collaboration with Telecom Egypt. Strategic alliances, including Tata Sons significant stake in Tejas Networks, have further positioned the company to support India’s expanding digital infrastructure and global telecom ambitions.
The company reported record net revenues of ₹2,471 crore in FY24, a 168% year-on-year increase, with a closing order book of ₹8,221 crore. The net profit of the company has gone from negative to positive. Now the net profit stands at Rs. 63 crore in FY24.
3. Bharti Airtel Limited
Founded on July 7, 1995, Bharti Airtel Limited is one of India’s largest telecommunications providers, headquartered in New Delhi and operating in 17 countries across South Asia and Africa. Ranking among the world’s top three mobile operators, Airtel serves over 550 million customers, offering a comprehensive range of services, including 4G/5G mobile, Airtel Xstream Fibre broadband, digital TV, and enterprise solutions like cloud, IoT, and cybersecurity.
Recent developments, including Airtel’s acquisition of Zain Telecom’s African operations in 2010, expanded its international footprint, particularly in Africa. Recognised among India’s most valuable brands by Millward Brown, Airtel’s accolades reflect its achievements in customer service and telecom innovation. The company’s governance structure is bolstered by major stakeholders, including Bharti Telecom Ltd and Singapore Telecommunications Limited (Singtel).
Bharti Airtel Limited’s revenue has increased from Rs. 1,39,145 crore in FY23 to Rs. 1,49,982 crore in FY24, which is up by 7.78 percent. The net profit of the company has decreased by 30.3 percent from Rs. 12,287 crore in FY23 to Rs. 8,558 crore in FY24.
Also read…
4. Indus Towers Limited
Founded on November 30, 2006, Indus Towers Limited, based in Gurugram, Haryana, is a leading provider of passive telecom infrastructure in India and one of the world’s largest telecom tower companies. Indus Towers deploys, owns, and manages telecom towers, offering shared access to major wireless providers, including Bharti Airtel, Vodafone Idea, and Reliance Jio. With over 229,658 towers and around 379,236 co-locations across India’s 22 telecom circles, it ensures extensive connectivity. The 2020 merger with Bharti Infratel bolstered its global presence, and its sustainability efforts, including green energy initiatives, have earned it awards like the Mahatma Award for CSR Excellence.
Indus Towers Limited’s revenue has increased from Rs. 28,601 crore in FY23 to Rs. 28,382 crore in FY24, which is up by 0.77 percent. The net profit of the company has increased by 195.88 percent from Rs. 2,040 crore in FY23 to Rs. 6,036 crore in FY24.
5. Tata Communications Limited
Founded on March 19, 1986, as Videsh Sanchar Nigam Limited (VSNL), Tata Communications Limited has grown into a global leader in telecommunications and digital transformation. Headquartered in Mumbai, Maharashtra, and listed on the BSE and NSE, Tata Communications plays a vital role in enabling connectivity for industries worldwide. The company operates one of the world’s largest subsea fibre networks, carrying 30% of global internet routes and serving over 7,000 clients in 190 countries, including 300+ Fortune 500 companies. Its services span international voice, data, cloud, and IoT solutions, with recent partnerships with Palo Alto Networks and Cisco enhancing its cybersecurity and cloud services.
Tata Communications Limited revenue has increased from Rs. 17,838 crore in FY23 to Rs. 20,969 crore in FY24, which is up by 17.55 percent. The net profit of the company has decreased by 46 percent from Rs. 970 crore in FY23 to Rs. 1,801 crore in FY24.
Written By Fazal Ul Vahab C H
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
