Telecom Stocks See a Strong Opening on Tuesday Morning

Follow Us

Telecom Stocks

Telecom stocks, including Vodafone Idea (Vi), Bharti Airtel, and Reliance Industries Limited (owns Reliance Jio), saw a strong opening on Tuesday morning. All the telecom operators were trading in the green shorts after the market opened.




At the time of writing, Vodafone Idea (listed as Idea) is trading at Rs 11.55, which is 3.13% in the green. Vi’s stock had previously closed at Rs 11.20 and opened at the same price mark as well. The telco’s stock has already touched a high of Rs 11.60 as of now.

Bharti Airtel is trading at Rs 747.50, which is 1.10% in the green. Airtel’s stock had previously closed at Rs 739.35, and it opened at Rs 740. Airtel has touched a high point of Rs 747.90 until now.

Lastly, RIL is trading at Rs 2457, which is 0.63% in the green. RIL had previously closed at Rs 2441.50 and today opened at Rs 2468, touching a high of Rs 2475.90.

Why Are Telecom Stocks Rising?

Telecom stocks are rising because of the recently announced tariff hikes from all the operators. Reliance Jio, Vodafone Idea, and Bharti Airtel all have announced prepaid tariff hikes, and Vi and Airtel have already implemented it.

This is going to give a boost to the average revenue per user (ARPU) figures of the telcos, which in turn is also going to be increasing their overall revenues. Further, the tariff hikes ensured that Vodafone Idea was in a position that would allow the telco to get the attention of outside investors.

Both Jio and Airtel’s cash flow is expected to be positively impacted by over $1 billion. This is going to allow the telcos to invest more freely in the 5G spectrum auctions scheduled for 2022. Even Vodafone Idea will be in a better position to pay the upcoming debt. Vi would also be able to invest in its 4G networks aggressively with the money it is able to raise.

Reported By

Editor in Chief

Tanay is someone with whom you can chill and talk about technology and life. A fitness enthusiast and cricketer, he loves to read and write.

Recent Comments

shivraj roy :

Damn what ,is it actually an “EGO” thing? Order bol diya toh* BSNL:Hain? Humko order aise kaise??????

BSNL, MTNL Asked to Monetise Land Faster: Report

Rupesh :

The word order don't go well with BSNLEU. So Govt played it safe by "asking" them or else there would…

BSNL, MTNL Asked to Monetise Land Faster: Report

Shivraj Roy :

"asked' not ordered.

BSNL, MTNL Asked to Monetise Land Faster: Report

Faraz :

BSNL will not Launch 4G in December 2024 as they will be privatised by that time. Vi will be completely…

BSNL Employees Make Unusual Request After 4G Launch Delay

shivraj roy :

True Vi has 4G plus network in Mumbai ,most of the time there 4G is better than Jio and Airtel…

BSNL Employees Make Unusual Request After 4G Launch Delay

Load More
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments