Vodafone Idea, Bharti Airtel pip RIL on exchanges, signal fresh contest

Telcos have rallied 28% and 25%, respectively, since October 1, 2020

In what might be the beginning of a new cycle in the hotly contested telecom sector, Bharti Airtel and Vodafone Idea have outperformed Reliance Industries on the bourses since October 1, after underperforming the latter for most of calendar year 2020.

In fact, Vodafone Idea has been the top performer over the past three months, while RIL has seen a decline in its stock price, albeit from its all-time high seen in September 2020. Vodafone’s stock price has risen about 28 per cent over the period, while Bharti Airtel’s has increased 25 per cent. In contrast, RIL’s stock price has fallen