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ETMarkets.comHe also pointed to Tata Communications and Bharti Hexacom as companies showing strong performance and sustainable growth. RelatedVodafone Idea gets major relief as Supreme Court allows Centre to reconsider AGR dues issueVoda Idea shares surge 13% from day’s low as SC sees no impediment with Centre reconsidering issue Gaurang Shah, Head of Investment Strategies at Geojit Investments, has cautioned investors against making investment decisions in Vodafone Idea purely based on the Supreme Court verdict, stressing that investment choices should always be grounded in company fundamentals rather than legal outcomes.“Don’t invest based on court rulings; focus on fundamentals,” says ShahSpeaking to ET Now, Shah said investors must evaluate a company’s financial strength, technology capability, and market positioning before committing capital.“You don’t invest in companies based on the outcome of courts. You invest based on fundamentals,” Shah emphasized, adding that Vodafone Idea’s debt burden and subscriber loss remain major concerns.Vodafone Idea faces tech gap and subscriber lossAccording to Shah, Vodafone Idea continues to lag in technology adoption and network upgrades, which has resulted in consistent subscriber erosion.Live EventsMORE STORIES FOR YOU✕Vodafone Idea gets major relief as Supreme Court allows Centre to reconsider AGR dues issueVoda Idea shares surge 13% from day’s low as SC sees no impediment with Centre reconsidering issue« Back to recommendation storiesI don't want to see these stories becauseSUBMIT“Every month, Vodafone Idea is losing subscribers, and this is benefiting Bharti Airtel and Jio Mobility,” he said.The telecom operator’s heavy debt load also makes it less attractive from a long-term investment perspective, he added.Bharti Airtel, Reliance Jio, and Tata Communications preferred in telecom spaceShah highlighted that Bharti Airtel and Reliance Industries (through Jio) remain the stronger investment options in India’s telecom sector due to their robust balance sheets, technological edge, and diversified business models.He also pointed to Tata Communications and Bharti Hexacom as companies showing strong performance and sustainable growth.“Bharti Hexacom, for instance, was listed around ₹700 and is now trading near ₹1,840. These are the kind of companies investors should look at,” Shah said.Verdict offers clarity, but fundamentals still ruleWhile the Supreme Court’s clarity on Vodafone Idea’s dues has provided a legal resolution, Shah reiterated that investors should not interpret the ruling as a turnaround trigger.“The verdict doesn’t change the company’s operational or financial challenges. Long-term investors must stay focused on fundamentals,” he concluded.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) Read More News ontata communicationsvodafone ideabharti airtelbharti hexacomsupreme court vodafone idea caseVodafone Idea investor outlookVodafone Idea investmenttelecom sector investmentSupreme Court verdictVodafone Idea vs Bharti Airtel (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless (You can now subscribe to our ETMarkets WhatsApp channel)Read More News ontata communicationsvodafone ideabharti airtelbharti hexacomsupreme court vodafone idea caseVodafone Idea investor outlookVodafone Idea investmenttelecom sector investmentSupreme Court verdictVodafone Idea vs Bharti Airtel(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories