Starlink deals may beam long-term investor gains

Ambiguity over regulatory framework may keep upsides in Airtel and Reliance stocks restricted in near term, caution analysts

- NIKITA VASHISHT

Bharti Airtel and Reliance Industries-backed Jio Platforms, will soon bring billionaire Elon Musk-led SpaceX's Starlink satellite services to India. According to analysts, the move could boost India's teledensity, especially in rural areas, and may be an opportunity for investors to add the two stocks on dips for long-term gains.

They, however, cautioned that in the near term, ambiguity over regulatory framework may keep upside in the stocks restricted.

"Long-term investors may find attractive entry points in these stocks amid market corrections. Gradually adding these stocks during dips can enhance portfolio value, especially as telecom expansion, 5G adoption, and digital initiatives drive sustained growth prospects for Bharti Airtel and Reliance Jio," said Siddhesh Mehta, research analyst at SAMCO Securities.

Earlier this week, Sunil Bharti Mittal-led Bharti Airtel announced its partnership with SpaceX to bring Starlink's high-speed internet services to its customers in India.