{"id":221123,"date":"2026-08-27T13:19:05","date_gmt":"2026-08-27T07:49:05","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=221123"},"modified":"2026-08-27T13:19:07","modified_gmt":"2026-08-27T07:49:07","slug":"telecom-service-stocks-below-fair-value","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/","title":{"rendered":"2 Undervalued Telecom Service Stocks Trading Below Fair Value"},"content":{"rendered":"<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Telecom service sector PE near 38.3-67.4. Bharti Airtel trades at 32.7x. Bharti Hexacom at 43.2x.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">Two telecom service stocks, Bharti Airtel and Bharti Hexacom, are trading below their respective sector average price to earnings ratios while both post strong return on equity. Bharti Hexacom, the regional mobile operator for Rajasthan and the North East circles, posts the higher return on equity of the two, while Bharti Airtel offers broader pan India scale. This gap between valuation and profitability is why these telecom service stocks stand out on a simple sector screen, though a formal buy rating needs deeper company specific research.<\/p>\n<\/div>\n<p>India&#8217;s telecom service industry provides mobile and broadband connectivity to hundreds of millions of subscribers, with earnings increasingly supported by rising average revenue per user following a series of industry wide tariff hikes. Not every stock in the space trades at the same multiple. A screen of listed telecom service stocks against their sector average price to earnings ratios surfaces two names still priced below that benchmark.<\/p>\n<p>Bharti Airtel and Bharti Hexacom both currently trade below their respective industry PE benchmarks, while both post strong return on equity. This piece breaks down why each stock screens as undervalued, what the underlying financials show, and the risks that come with owning mobile telecom operators.<\/p>\n<p style=\"margin-top: 24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=undervalued_telecomservice_articles\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Why_These_Telecom_Service_Stocks_Screen_as_Undervalued\" title=\"Why These Telecom Service Stocks Screen as Undervalued\">Why These Telecom Service Stocks Screen as Undervalued<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Bharti_Airtel_Pan_India_Scale\" title=\"Bharti Airtel: Pan India Scale\">Bharti Airtel: Pan India Scale<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Bharti_Hexacom_Higher_ROE_Regional_Circles\" title=\"Bharti Hexacom: Higher ROE, Regional Circles\">Bharti Hexacom: Higher ROE, Regional Circles<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Valuation_Snapshot_PE_PB_and_Dividend_Yield\" title=\"Valuation Snapshot: PE, PB and Dividend Yield\">Valuation Snapshot: PE, PB and Dividend Yield<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Risks_to_Consider_Before_Buying_These_Telecom_Service_Stocks\" title=\"Risks to Consider Before Buying These Telecom Service Stocks\">Risks to Consider Before Buying These Telecom Service Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Tariff_Hike_Sustainability\" title=\"Tariff Hike Sustainability\">Tariff Hike Sustainability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Competitive_Pressure_from_Financially_Stressed_Rivals\" title=\"Competitive Pressure from Financially Stressed Rivals\">Competitive Pressure from Financially Stressed Rivals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Capital_Intensity_of_Network_Investment\" title=\"Capital Intensity of Network Investment\">Capital Intensity of Network Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Regional_Concentration_Risk_for_Bharti_Hexacom\" title=\"Regional Concentration Risk for Bharti Hexacom\">Regional Concentration Risk for Bharti Hexacom<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#How_to_Track_These_Telecom_Service_Stocks\" title=\"How to Track These Telecom Service Stocks\">How to Track These Telecom Service Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#FAQs_on_Undervalued_Telecom_Service_Stocks\" title=\"FAQs on Undervalued Telecom Service Stocks\">FAQs on Undervalued Telecom Service Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Which_telecom_service_stocks_are_trading_below_their_sector_average_PE\" title=\"Which telecom service stocks are trading below their sector average PE?\">Which telecom service stocks are trading below their sector average PE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Is_Bharti_Airtel_undervalued_compared_to_its_sector\" title=\"Is Bharti Airtel undervalued compared to its sector?\">Is Bharti Airtel undervalued compared to its sector?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Which_of_these_telecom_service_stocks_has_the_higher_return_on_equity\" title=\"Which of these telecom service stocks has the higher return on equity?\">Which of these telecom service stocks has the higher return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#What_is_the_market_capitalisation_of_Bharti_Hexacom\" title=\"What is the market capitalisation of Bharti Hexacom?\">What is the market capitalisation of Bharti Hexacom?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#What_is_the_relationship_between_Bharti_Airtel_and_Bharti_Hexacom\" title=\"What is the relationship between Bharti Airtel and Bharti Hexacom?\">What is the relationship between Bharti Airtel and Bharti Hexacom?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#What_are_the_main_risks_in_undervalued_telecom_service_stocks\" title=\"What are the main risks in undervalued telecom service stocks?\">What are the main risks in undervalued telecom service stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/telecom-service-stocks-below-fair-value\/#Is_a_low_PE_enough_reason_to_buy_a_telecom_service_stock\" title=\"Is a low PE enough reason to buy a telecom service stock?\">Is a low PE enough reason to buy a telecom service stock?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_These_Telecom_Service_Stocks_Screen_as_Undervalued\"><\/span><strong>Why These Telecom Service Stocks Screen as Undervalued<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The telecom service industry currently carries average price to earnings ratios ranging from close to 38.3 times for pan India operators to close to 67.4 times for regional circle specific operators. A stock trading meaningfully below its own peer group average, while still posting strong positive return on equity, is a reasonable starting point for a relative valuation screen.<\/p>\n<p>Both companies below clear that bar, with Bharti Hexacom standing out for the higher return on equity among these telecom service stocks, reflecting its concentrated circle level operations under the broader Bharti Airtel group.<\/p>\n<p>The table below lists these two companies alongside their current price, valuation multiple and return ratios.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<thead>\n<tr>\n<th>Company<\/th>\n<th>NSE Ticker<\/th>\n<th>CMP (Rs)<\/th>\n<th>PE Ratio<\/th>\n<th>Sector PE<\/th>\n<th>ROE<\/th>\n<th>Market Cap (Rs Cr)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Bharti Airtel<\/td>\n<td>BHARTIARTL<\/td>\n<td>1,903.00<\/td>\n<td>32.65<\/td>\n<td>38.31<\/td>\n<td>17.91%<\/td>\n<td>11,88,815<\/td>\n<\/tr>\n<tr>\n<td>Bharti Hexacom<\/td>\n<td>BHARTIHEXA<\/td>\n<td>1,564.70<\/td>\n<td>43.23<\/td>\n<td>67.38<\/td>\n<td>24.19%<\/td>\n<td>78,853<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Bharti_Airtel_Pan_India_Scale\"><\/span><strong>Bharti Airtel: Pan India Scale<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bharti Airtel operates mobile, broadband and digital services across India and select international markets, ranking among the country&#8217;s largest telecom operators by subscriber base. The stock trades at a price to earnings ratio of 32.65, below the sector average of 38.31, at a current price of around Rs 1,903.<\/p>\n<p>Return on equity of 17.91 percent is supported by a debt to equity ratio of 1.31, reflecting the capital intensive nature of network infrastructure. On an EPS of Rs 58.35 and book value of Rs 282.00, the price to book multiple works out to 6.76, alongside a dividend yield of 1.23 percent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bharti_Hexacom_Higher_ROE_Regional_Circles\"><\/span><strong>Bharti Hexacom: Higher ROE, Regional Circles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bharti Hexacom operates mobile telecom services in the Rajasthan and North East India circles as part of the broader Bharti Airtel group structure. Its price to earnings ratio of 43.23 sits below its own sector average of 67.38, at a current share price of around Rs 1,565.<\/p>\n<p>Return on equity of 24.19 percent is the highest of the two telecom service stocks in this list, and the debt to equity ratio of 0.86 is lower than Bharti Airtel. On an EPS of Rs 36.48 and book value of Rs 143.30, the price to book multiple of 11.00 is richer than Bharti Airtel, alongside a dividend yield of 1.78 percent, the higher of the two.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_Snapshot_PE_PB_and_Dividend_Yield\"><\/span><strong>Valuation Snapshot: PE, PB and Dividend Yield<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond the headline price to earnings ratio, book value multiples and dividend yield highlight the different scale and structure of these two operators. Bharti Hexacom trades at a considerably richer price to book multiple, consistent with its higher return on equity as a more concentrated circle operator.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Price to Book<\/th>\n<th>Book Value (Rs)<\/th>\n<th>Dividend Yield<\/th>\n<th>Debt to Equity<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Bharti Airtel<\/td>\n<td>6.76<\/td>\n<td>282.00<\/td>\n<td>1.23%<\/td>\n<td>1.31<\/td>\n<\/tr>\n<tr>\n<td>Bharti Hexacom<\/td>\n<td>11.00<\/td>\n<td>143.30<\/td>\n<td>1.78%<\/td>\n<td>0.86<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Bharti Hexacom pays a slightly higher dividend yield alongside lower leverage than Bharti Airtel, though it trades at a richer book value multiple reflecting its stronger return on equity and more concentrated circle level operations.<\/p>\n<p style=\"margin-top: 24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check Live PE, PB and ROE Data on the Univest Screener<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Buying_These_Telecom_Service_Stocks\"><\/span><strong>Risks to Consider Before Buying These Telecom Service Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A discount to the sector average price to earnings ratio does not remove company specific risk for telecom service stocks tied to tariff and competitive factors.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tariff_Hike_Sustainability\"><\/span><strong>Tariff Hike Sustainability<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Recent earnings growth for both operators has been supported by industry wide tariff hikes, and the pace of future increases may slow as average revenue per user approaches levels seen in more mature telecom markets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Competitive_Pressure_from_Financially_Stressed_Rivals\"><\/span><strong>Competitive Pressure from Financially Stressed Rivals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Indian telecom industry includes at least one financially stressed operator, and any aggressive pricing response from that player to retain subscribers could pressure industry wide tariffs and profitability.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Capital_Intensity_of_Network_Investment\"><\/span><strong>Capital Intensity of Network Investment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Both companies require continued heavy investment in network infrastructure, including 5G rollout, and elevated capital expenditure could pressure free cash flow even as revenue grows.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Regional_Concentration_Risk_for_Bharti_Hexacom\"><\/span><strong>Regional Concentration Risk for Bharti Hexacom<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bharti Hexacom&#8217;s operations are concentrated in the Rajasthan and North East circles, making it more exposed to local competitive and regulatory dynamics than the broader pan India Bharti Airtel.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Track_These_Telecom_Service_Stocks\"><\/span><strong>How to Track These Telecom Service Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors evaluating these two names should track quarterly average revenue per user trends, subscriber additions, and how each sector average PE moves relative to each company&#8217;s own multiple over time, rather than relying on the valuation gap in isolation among telecom service stocks. Comparing these numbers regularly is the most reliable way to judge whether the discount to fair value remains intact or has already closed.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Bharti Airtel and Bharti Hexacom share prices live and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bharti Airtel and Bharti Hexacom are the two telecom service stocks currently trading below their respective sector average price to earnings ratios, while both post strong return on equity. That combination makes them worth a closer look for investors who already want exposure to India&#8217;s mobile telecom theme, though tariff sustainability and competitive pressure mean position sizing and diversification still matter when adding these names to a portfolio.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Undervalued_Telecom_Service_Stocks\"><\/span><strong>FAQs on Undervalued Telecom Service Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_telecom_service_stocks_are_trading_below_their_sector_average_PE\"><\/span><strong>Which telecom service stocks are trading below their sector average PE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bharti Airtel and Bharti Hexacom are currently trading below their respective sector average price to earnings ratios, based on live NSE and BSE pricing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Bharti_Airtel_undervalued_compared_to_its_sector\"><\/span><strong>Is Bharti Airtel undervalued compared to its sector?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bharti Airtel trades at a price to earnings ratio of 32.65, below the sector average of 38.31, while delivering a return on equity of 17.91 percent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_telecom_service_stocks_has_the_higher_return_on_equity\"><\/span><strong>Which of these telecom service stocks has the higher return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bharti Hexacom has the higher return on equity of the two at 24.19 percent, compared with Bharti Airtel&#8217;s 17.91 percent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_capitalisation_of_Bharti_Hexacom\"><\/span><strong>What is the market capitalisation of Bharti Hexacom?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bharti Hexacom has a market capitalisation of around Rs 78,853 crore, with a price to earnings ratio of 43.23 against its own sector average of 67.38.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_relationship_between_Bharti_Airtel_and_Bharti_Hexacom\"><\/span><strong>What is the relationship between Bharti Airtel and Bharti Hexacom?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bharti Hexacom operates mobile telecom services in the Rajasthan and North East India circles as part of the broader Bharti Airtel group structure, while Bharti Airtel operates across India and select international markets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_in_undervalued_telecom_service_stocks\"><\/span><strong>What are the main risks in undervalued telecom service stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks include the sustainability of recent tariff hikes, competitive pressure from financially stressed rivals, the capital intensity of ongoing network and 5G investment, and regional concentration risk for circle specific operators.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_a_low_PE_enough_reason_to_buy_a_telecom_service_stock\"><\/span><strong>Is a low PE enough reason to buy a telecom service stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A price to earnings ratio below the sector average is a useful starting screen for telecom service stocks but not a standalone buy signal. Investors should also review average revenue per user trends, subscriber growth and capital expenditure plans before investing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharti Airtel and Bharti Hexacom trade below their respective sector average PE, both posting strong ROE.<\/p>\n","protected":false},"author":35,"featured_media":221122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[3802],"class_list":["post-221123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["221122"],"_edit_lock":["1787816953:29"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["24"],"rank_math_seo_score":["83"],"rank_math_title":["Undervalued Telecom Service Stocks Below Fair Value"],"rank_math_description":["These telecom service stocks, 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