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Idea-Vodafone merger: What it means for telecom stocks and who gains most

Analysts expect heightened competitiion as operators align their strategies to compete with RJio

Kumar Mangalam Birla, Aditya Birla Group Chairman, and Vittorio Colao, CEO of Vodafone Group, at the press conference in Mumbai. Photo: Kamlesh Pednekar
Kumar Mangalam Birla, Aditya Birla Group Chairman, and Vittorio Colao, CEO of Vodafone Group, at the press conference in Mumbai. Photo: Kamlesh Pednekar

Idea Cellular – Vodafone merger news on Monday morning brought telecom stocks back in focus, with the BSE Telecom index outperforming the markets by rising 0.8% as compared to 0.4% fall in the S&P BSE Sensex.   The rally in individual stocks was much sharper, with Idea Cellular rallying over 3% to Rs 111 levels in early morning trade. The stock had rallied nearly 5% in opening moves to hit a high of Rs 123.75 on the BSE, but pared gains as trade progressed. By 10:15am, Idea Cellular was trading at Rs 100 levels, down nearly 7% from its previous close.   GTL Infra, Tata ...