5G is the next generation of wireless technology that aims to virtual link every person, machine, and device in the world. It is anticipated that 5G, the fifth generation of mobile networks, will significantly improve mobile connectivity and the user experience.
In this post, we will talk about the 5 Best 5G Stocks to invest in India.
- Indus Towers Limited
Indus Towers Limited is a market leader in telecommunications equipment in India. The company currently enjoys being one of the best 5G towers companies in the world. It has 22 telecom circles and operates over 175,000 towers in 3,18,300 different sites. The company holds 31% of the market share in the tower industry.
- Bharti Airtel
Bharti Airtel Limited is a major telecommunications corporation in India. The company works in over 18 countries and is India's second-largest mobile operator. In FY21, the company's customer base increased by 11.4% to 471.36 million. Bharti Airtel was the only Indian telecom company to gain revenue market share in Q3 FY22. The current market capitalization of the company is 4.14 lakh crores.
- Reliance Industries Limited
Since Reliance Jio is not a separate publicly traded company, its business operations and finances are included in those of Reliance Industries Limited. As the stock price of Reliance Industries Limited began to rise in 2016 with the unveiling of Jio, it can be assumed that the telecom division is crucial to the company's success.
Reliance Jio aspires to dominate the 5G market in the same way it has other markets. Their 5G solution is completely cloud-native and digitally managed. Jio and Qualcomm have partnered to produce essential components of India's 5G ecosystem. This business now has a market valuation of 17.05 lakh crore. The company's net profit margin is at 9.87%.
- ITI Limited
Indian Telephone Industries Limited is a government-owned telecommunications corporation.
The company supplies telecom equipment to BSNL, MTNL, and the defense industry. It also makes 5G-capable gadgets. The present market capitalization of the company is 11,000 crores. The promoters own 90.09% of the company. The company's net profit margin is 0.47%, and the return on equity is 0.47%.
- Tejas Networks Limited
Tejas Networks Limited is an Indian company that manufactures broadband and data networking products. The Tata Group owns 43.35% of the company, allowing them to enter the telecom equipment industry.
Tejas Networks Limited has also established itself as a significant exporter in Southeast Asia and Africa. Tejas Networks Limited would also benefit from the PLI scheme, designed to encourage the manufacture of telecom equipment in India. The present market valuation of the company is 5028 crores. The promoters own 37.32% of the company. The company's net profit margin is 7.13%, while its return on equity is 3.51%.
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