SME Times News Bureau | 06 Dec, 2021
Telecom service provider Vodafone Ideas share prices have jumped nearly 50 per cent in the past one month.
The company's share price has risen from Rs 9.6 per share in early November to Rs 14.6 at Monday's close.
Notably,
a larg part of the rise was seen last week. In the week that ended on
Friday (December 3), the telecom operator's share price rose over 30 per
cent.
It is important to note that the recent sharp rise in
share prices of the company comes at a time when major Indian telecom
operators, including Vodafone Idea, raised their prepaid tariffs by
around 20 per cent.
The Vodafone Idea's revised tariffs came into effect from November 25.
Reliance Jio and Bharti Airtel are the other two telecom operators which raised their prepaid tariffs in late November.
The
recent hike in tariffs is expected to improve the ARPU (average revenue
per-user) and aid expansion and rollout of 5G services for the
companies, analysts said.
