Voda Idea surges 80%, Airtel 20% in 3 days; can telecom be a turnaround theme?
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Shares of Vodafone Idea and Bharti Airtel are on a winning spree on Dalal Street. Both telecom companies offered double-digit returns in the past three sessions despite posting record losses in the second quarter ended September 30.

Vodafone Idea climbed 20 per cent in Tuesday’s trade, extending its three-day gains to 80 per cent. The stock gained as the telecom firm said it will raise mobile services rates from December 1 in the wake of the ongoing financial stress.

Voda Idea surges 80%, Airtel 20% in 3 days; can telecom be a turnaround theme?

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rakesh.manzi@gmail.com

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