Telecom shares rise up to 7%; Airtel at new high, Voda Idea hits 52-wk high

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Telecom shares rise up to 7%; Airtel at new high, Voda Idea hits 52-wk high - Business Standard

Quick Summary:

Shares of Vodafone Idea hit a 52-week high of Rs 18.47, surging 7% amid heavy volumes, surpassing its previous high of Rs 18.

The stock of the country's most valuable company, in terms of market capitalisation, was trading close to its record high level of Rs 3,029.90 touched on June 3.

In the last few years, the telecom industry has witnessed consolidation in favour of the top 2 operators, as VIL was unable to make investments in network.