Telecom stocks will remain in focus on May 27 after the latest subscriber data released by the Telecom Regulatory Authority of India (TRAI) showed that India added 6.18 million mobile subscribers in April 2026, lower than the 8.43 million additions recorded in March.
The latest figures indicate a moderation in monthly telecom subscriber growth across the sector.
Among private telecom operators, Bharti Airtel emerged as the top subscriber gainer during April, adding 3.14 million users. However, the addition was lower compared to the 5.09 million subscribers added in March.
Reliance Jio added 2.94 million subscribers in April against 3.23 million additions in the previous month.
Meanwhile, Vodafone Idea added 53,257 subscribers during the month, compared with 1.03 lakh additions in March.
State-run Bharat Sanchar Nigam Limited (BSNL) added 76,175 users in April, higher than the 17,095 subscribers added in March.
Separately, TRAI on April 30 released a consultation paper on the “Regulatory Framework for Vehicle-to-Everything (V2X) Communication,” following a reference from the Department of Telecommunications (DoT).
The consultation paper seeks recommendations on creating a regulatory mechanism for V2X communication under the TRAI Act, 1997.
According to the paper, TRAI has proposed a preference for cellular-based V2X systems that can operate using existing 4G and 5G telecom infrastructure. The proposal could position telecom operators as part of India’s developing connected mobility ecosystem.
TRAI has invited stakeholder comments on the consultation paper by May 28, 2026, while counter-comments can be submitted by June 11, 2026.
The developments are expected to keep telecom-related stocks in focus in today’s trade, particularly companies linked to mobile subscriber growth and 5G infrastructure deployment.