Telecom shares in focus; Vodafone Idea up 12%, Bharti Airtel gains 3%

As per media reports, Vodafone Idea is considering increasing tariffs 15-20% by the end of the year or early next year

Retail stores of Airtel and Vodafone Idea | File photo
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Retail stores of Airtel and Vodafone Idea | File photo

SI Reporter Mumbai
Shares of telecom service providers were in focus at the bourses on Tuesday amid hopes of tariff hike in the forthcoming months. Among individual stocks, Vodafone Idea (Vi) rallied 12 per cent to Rs 10.20 in the early morning deal after media report suggested that Vi is considering increasing tariffs 15-20 per cent by the end of the year or early next year. 

This is on the expected lines as the company is struggling with cash burn and aiming fund raise, according to analysts.

At 09:44 am, the stock was trading 7 per cent higher at Rs 9.74, as compared to 0.64

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First Published: Nov 17 2020 | 9:57 AM IST

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