Reliance, Bharti Airtel, Vodafone Idea Shares Rise as Telecom Stocks Gain on Jio’s Pricing Move

Shares of listed telecom operators, Reliance Industries Limited (RIL), Bharti Airtel Ltd and Vodafone Idea Ltd (VI) are trading higher on Tuesday, following a pricing move by Reliance Jio Infocomm (RJio), a subsidiary of Reliance Industries. RJio has discontinued its entry-level prepaid plans offering 1 GB of data per day, which were earlier priced at Rs 209 for 22 days and Rs 249 for 28 days.

This move brings Jio's base plans in line with competitors, as both Vodafone Idea and Bharti Airtel already offer their base 1 GB/day monthly plans starting at Rs 299. The price alignment is being interpreted by the market as a sign of improving pricing discipline in the highly competitive telecom sector, potentially boosting revenue and margins for operators.

Telecom Stocks Today: Latest Share Price of RIL, Airtel and VI

On the 30-share BSE Sensex, Reliance Industries and Bharti Airtel Company were among the top gainers in early trade, rising between 0.6% and 2%, helping support overall market sentiment.

Reliance Share Price Today

On August 19, at 10:27 AM, Reliance Industries Ltd was trading at Rs 1,412.30, marking a gain of Rs 30.60 or 2.21% from the previous close. The stock began the session at Rs 1,390.00, moved to a high of Rs 1,414.50, and hit a low of Rs 1,389.10 during early trade. Over the last 52 weeks, the share has ranged between Rs 1,114.85 on the lower end and Rs 1,551.00 on the higher side.

Bharti Airtel Share Price Today

As of 10:32 AM on August 19, Bharti Airtel Ltd was trading at Rs 1,925.60, up Rs 33.30 or 1.76% for the day. The stock opened at Rs 1,901.10, touched a high of Rs 1,931.80, and dipped to a low of Rs 1,900.00 during early trade. Over the past 52 weeks, Bharti Airtel shares have moved between a low of Rs 1,446.50 and a high of Rs 2,045.80.

Vodafone Idea Share Price Today: Top Brokerages' Ratings on VI Stocks

At 10:40 AM, Vodafone Idea Ltd was trading at Rs 6.52, reflecting a gain of 0.93% or Rs 0.06 from the previous close. The stock began the session at Rs 6.52, reached a high of Rs 6.60 and slipped to a low of Rs 6.49 in early trade. Over the last 52 weeks, the share price has ranged between Rs 6.12 and Rs 16.55.

In its latest Morning India report, Motilal Oswal Financial Services has maintained a 'Sell' rating on Vodafone Idea Ltd, setting a target price (TP) of Rs 6.00, which implies an 8% downside from the current market price (CMP) of Rs 6.50. The brokerage highlighted ongoing financial stress, limited visibility on fresh funding, and elevated debt obligations as key reasons for its cautious outlook.

BofA Securities has revised its price target for Vodafone Idea Ltd to Rs 6.00, down from Rs 6.10, while maintaining an Underperform rating as per the report of Investing.com. The brokerage cited ongoing financial challenges and significant upcoming cash flow obligations as key concerns despite the company reporting results in line with expectations.

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