Why Bharti Airtel and Vodafone Idea Gained Today

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Why Bharti Airtel and Vodafone Idea Gained Today
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- It was a good day for telecom players Bharti Airtel Ltd. (NS: BRTI ) and Vodafone Idea Ltd (NS: VODA ) today. Bharti Airtel gained 4.16% to close at Rs 547.6 while Vodafone Idea closed up 2.22% at Rs 9.2.

Bharti Airtel: The company made a strong signal that it is focused toward increasing its ARPU (average revenue per user) when it announced that it has discontinued its base level Rs 199 and Rs 249 a month for corporate users. Its entry level plan will now start at Rs 299 which means existing customers will move on the higher plan from the next billing cycle. Markets gave a thumbs up to this move.

Vodafone Idea: The government has approved a Rs 15,000 crore proposal from Vodafone Idea via the FDI (foreign direct investment) route, according to media reports. If the fund raise goes through, it will give Vodafone Idea a lot of breathing space, and will help it pay statutory dues, and pay for spectrum that it has bought. Mutual funds have been betting on Vodafone Idea’s revival. A report in the Economic Times said that HDFC (NS: HDFC ) AMC and Aditya Birla MF bought 1.41 crores and 19 lakh shares of the company in June. Vodafone Idea has reported losses for 11 straight quarters.

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  • Manoj Laxman @Manoj Laxman
    Is it best time to invest in Vodafone idea?? I hope Vi can gain much in next 6 month.
    Like 6
  • SP Singh @SP Singh
    The jump in airtel was just a momentum jump. The price of airtel share certainly come down tomorrow
    Like 10
  • Dev Dutt @Dev Dutt
    Nailed idea movement however airtel has many other factors as well
    Like 2
  • Shiju Michael @Shiju Michael
    Airtel will not cross 550 more over it may slide towards 530 before expiry.
    Like 7
  • kunwar bhushan @kunwar bhushan
    yeh sab faltu ki baatein hai . Monthly expiry ane wali hai so uske hisab se movement hai .
    Like 12
  • Deepak Meena @Deepak Meena
    wow what a theory
    Like 9

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