23 Oct, Stock Tips By Experts- Telecom companies Shares rise on Monday

Stock Tips, Best Stock Tips, Telecom Companies, Telecom news, Telecom SharesShares of telecom companies such as Bharti Airtel, Idea Cellular, and RIL surged on Monday on the back of news reports that Reliance Industries Limited’s Jio raised tariffs last week. The shares of Bharti Airtel rose over 2.5%, Idea Cellular¬†¬† rose 4% and Reliance Industries Ltd surged 2%.
The shares of Bharti Airtel rose 2.7 percent at 486.95 to its peak level in over 8 years, while shares of RIL surged 2.3 percent at Rs 924.80, a record high.
Reliance Jio’s entrance in the telecom market with offers had sparked a stiff competition, after leading to a proposed merger between Idea Cellular and Vodafone. However, Jio reported a loss of Rs. 270.59 crore in its Q1 financial performance for the period ended Sept 30, following which it cut the validity period of its Rs 399 data plan from 84 days to 70 days.

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