5G Network has lower latency, higher data speed and increased bandwidth compared to 4G LTE. 5G network can open new avenues in Video on Demand (VoD), real-time video surveillance, telemedicine and Augmented Reality (AR)/Virtual Reality (VR). However, these sectors are indirectly benefitted from 5G technology.
On the other hand, there are several industries like semiconductor chip makers, mobile equipment makers and optical fibre makers that would directly benefit from the 5G revolution. Here are some 5G stocks to buy now in India.
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1. HFCL Ltd.
HFCL is a major optic fibre cable maker in India and one of the leading 5G stocks with the most growth potential.
The company has a listed track record of almost 30 years and more. This company provides telecom equipment. The company’s share price is breaking out from the previous 20 years low indicating a new higher price range for the company’s share price. The scrip’s 52 week low has been Rs 8.70 while 52 week high is Rs 38.90 The company has outperformed the Sensex index by 202% to give almost 4X returns from its 52 week low. The company has recently announced Rs.0.15 dividend on each share.
2. Finolex Cables
3. Cummins India
Cummins India is a generator maker. It’s an unusual addition to the list of Indian stocks that will be benefitting from the 5G revolution.
4. Sterlite Technologies Ltd. (STL)
Sterlite (STL) is the largest optical fibre manufacturer in India. It has tie ups with Reliance Jio.
On its part, digital networks integrator STL has developed a portfolio of 5G products – such as indoor 5G Small cells (under brand name Garuda), outdoor multi-band radio and WiFi-6 solutions – in compliance with Open-RAN standards.
Wipro has been engaged with 5G community to drive standards and has enabled innovation or adoption of 5G-related technologies.
“As our clients are emerging from the pandemic, the need of digital transformation has accelerated, leading to further enhancement of our 5G-related services and offerings, which will leverage the convergence with Cloud, Edge, AI and IoT, starting with our 5G Edge services suite and our Network Engineering and Network AI Engineering services,” a company spokesperson said.
Radisys, a wholly-owned subsidiary of Reliance Industries Ltd (RIL), has been working with Qualcomm to develop open 5G network over virtualised RAN. Jio Platforms, which is close to rolling out 5G, is expected to be using technologies that would be developed by Radisys. Tech Mahindra, which is already into 5G-related projects, is also ready for the Indian market.
5. Tata Consultancy Services (TCS)
Reliance Industry is a no brainer.
The growth in Reliance is currently
7. Bharti Airtel
9. Vodafone Idea
11. Tejas Network
12. Indus Towers
13. Tech Mahindra
14. ITI Ltd.
Indian Telephone Industries Limited (ITI Ltd.) is engaged in manufacturing, trading and servicing of telecommunication equipment, and rendering other associated and ancillary services. The Company focuses on offering telephone communication services.