Shares in the telecom companies gained massively on Monday as the Indian telecom companies increased tariffs on calls.
services. Accordingly, Bharti Airtel and Vodafone Idea has announced a tariff hike in the range of 15-pc & 40-c across different plans, effective from 3rd December 2019. Reliance Jio also stated that it would be implementing new plans with unlimited voice and data, effective from 6th December.
Shares of these sectors were trading higher at the start of the trading session today.
The shares in the Bharti Airtel opened at 471.14. The stock hit an intraday high and low of Rs485 and 464.60 respectively on the NSE. During Mid-session at around 12.20-PM, the Airtel stock was trading at Rs.469.30, up by Rs.26.85 or 6.07% from its previous closing on the NSE.
Similarly, Vodafone Idea opened at 7.50-per share. The stock hit an intraday high and low of Rs.8.80 and 7.50 respectively and is quoting at Rs.8.15, near 19% from it the previous closing, at the time of this report. Get Stock intraday tips from the Expert
Shares of Reliance opened at Rs.1600 today. The intraday high-level in the share price was recorded at Rs.1614.45 and 1577-per share, respectively. The stock is at present trading at Rs.1590.25, which is higher by Rs.39 or 2.52% from the previous closing. To avail the best stock future Tips go to our official site.
Meantime, the Sensex traded lower at 40,770-mark, down 23-points, while the Nifty recorded at Rs.12043-level, down by 12 points at 12:30-hrs.