Vodafone Idea's shares jump sharply post prepaid tariff hike


New Delhi, Dec 6 (IANS): Telecom service provider Vodafone Ideas share prices have jumped nearly 50 per cent in the past one month.

The company's share price has risen from Rs 9.6 per share in early November to Rs 14.6 at Monday's close.

Notably, a larg part of the rise was seen last week. In the week that ended on Friday (December 3), the telecom operator's share price rose over 30 per cent.

It is important to note that the recent sharp rise in share prices of the company comes at a time when major Indian telecom operators, including Vodafone Idea, raised their prepaid tariffs by around 20 per cent.

The Vodafone Idea's revised tariffs came into effect from November 25.

Reliance Jio and Bharti Airtel are the other two telecom operators which raised their prepaid tariffs in late November.

The recent hike in tariffs is expected to improve the ARPU (average revenue per-user) and aid expansion and rollout of 5G services for the companies, analysts said.

 

  

Top Stories


Leave a Comment

Title: Vodafone Idea's shares jump sharply post prepaid tariff hike



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.