Idea Cellular, Bharti Airtel and RCom stocks fall after Reliance Jio announcement

India Infoline News Service | Mumbai | December 01, 2016 15:29 IST

Idea Cellular, Bharti Airtel and RCom are trading in red after Mukesh Ambani announced that Reliance Jio extends free data and call offer.

Telecom Stock Down
Idea CellularBharti Airtel and RCom are trading in red after Mukesh Ambani announced that Reliance Jio extends free data and call offer.

Reliance Jio
welcome offer users will be aigned-up for 'Happy New Year' offers , said Mukesh Ambani. 20% of users creating poor experience to others. Have fine-tuned fair data usage policy in new sim cards, Mukesh Ambani added.

Reliance Jio has crossed 50 million Customers in India and Jio penetrating 24 States has grown faster than Facebook, WhatsApp and Skype in its first 3 months.

Idea Cellular Ltd is currently trading at Rs 74.55, down by Rs 3 or 3.87% from its previous closing of Rs 77.55 on the BSE. The scrip opened at Rs 78 and has touched a high and low of Rs 78 and Rs 74.2 respectively. So far 6469021 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 27928.25 crore.

Bharti Airtel Ltd is currently trading at Rs 319.7, down by Rs 4.8 or 1.48% from its previous closing of Rs 324.5 on the BSE. The scrip opened at Rs 325.55 and has touched a high and low of Rs 325.55 and Rs 317 respectively. So far 3333607 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 129715.63 crore.

***Note: This is a NSE Chart

 

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