Aditya Birla Group holds over 27 per cent stake in VIL, while Vodafone Plc has more than 44 per cent in the telecom operator
With the current rally, the market value of VIL has zoomed 235 per cent from its 52-week low of Rs 4.55 touched on August 5, 2021
The slew of developments in the telecom space over the past few weeks have brought back investors' interest in this sector. Most stocks should do well over the next few sessions, tech charts show
Telecom shares may be in demand on credit of bank guarantee to the telcos
According to report, the Department of Telecommunications (DoT) has started releasing bank guarantees (BGs) issued by Bharti Airtel and Vodafone Idea.
In the past two weeks, the stock has surged 34 per cent after the telecom service provider increased its prepaid tariff by 20-25 per cent from November 25, 2021
Reliance Jio, following its peers Bharti Airtel and Vodafone Idea (Vi), hiked its prepaid tariff plans by around 20 per cent across the board (including around 21 per cent in base JioPhone level plans
In past six trading days, the stock of telecom services provider has rallied 24 per cent after the company had increased its prepaid tariff by 20-25 per cent from November 25, 2021.
Is carrying out 5G trials in Gandhinagar and Pune with tech partners Nokia and Ericsson using 3.5 Ghz and 26 Ghz spectrum; plans to expand trials to automotive, healthcare and IoT