Telecom stocks extend rally; Voda Idea up 32%, new 52-wk high for Airtel

After Jio's tariff hike announcement, RIL is on the verge of hitting the Rs 10 trillion m-cap mark

The rally in telecom stocks continued for the fourth straight session on Wednesday, after Reliance Jio announced that it will, along with Bharti Airtel and Vodafone Idea, increase tariffs in an appropriate way over the next few weeks.

Among individual stocks, Bharti Airtel climbed 3 per cent to Rs 453, also the stock's fresh 52-week high, on the BSE. Vodafone Idea surged as much as 32 per cent intraday to Rs 7.93 on the BSE. In fact, the stock has now rallied 204 per cent from Friday's low of Rs 2.61.

Reliance Industries also continued its uptrend and gained