TIL Desk/Business/New Delhi/ In what might be the beginning of a new cycle in the hotly contested telecom sector, Bharti Airtel and Vodafone Idea have outperformed Reliance Industries on the bourses since October 1, after underperforming the latter for most of calendar year 2020.
In fact, Vodafone Idea has been the top performer over the past three months, while RIL has seen a decline in its stock price, albeit from its all-time high seen in September 2020.
Vodafone’s stock price has risen about 28 per cent over the period, while Bharti Airtel’s has increased 25 per cent. In contrast, RIL’s stock price has fallen 13 per cent, ending at Rs 1,934 a piece on January 8, as against Rs 2,225 on October 1, 2020.
Over the three-month period, Airtel’s stock price has rallied from Rs 432 to Rs 540, while Vodafone Idea has risen from Rs 9.2 to Rs 11.8 per share.
