Jio’s market share zooms after it raises stakes with higher capex2 min read 26 Sep 2018, 08:25 AM IST
A larger share of Jio's incremental subscribers are coming from rural areas in recent months, suggesting higher sales of its feature phone called JioPhone
In a market correction, stocks that had rallied the most typically fall more than stocks that are already beaten down. Not so in India’s telecom sector. In the past six trading sessions, shares of Bharti Airtel Ltd and Vodafone Idea Ltd have fallen 6.2% and 12.5%, respectively, in value. Year till date, these stocks have declined 32% and 62%, respectively. In contrast, shares of Reliance Industries Ltd (RIL), which houses the mammoth Reliance Jio project, have fallen merely 1.9% in the past six trading sessions. Year to date, RIL shares have gained 34%.
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