Vodafone Idea Gains on Tariff Hike Hopes

Vodafone Idea shares surged nearly 11% in three sessions, including a 4.44% rise on Friday, as Bharti Airtel’s recent ARPU-focused move boosted expectations of a sector-wide tariff hike. Analysts said hopes of higher telecom tariffs are driving the rally and improving sentiment toward Vodafone Idea’s earnings outlook. $IDEA