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Telecom Sector: Before 5G Launching, there was a tremendous rise in Airtel's stock, know what is the reason

Telecom Sector: Before 5G Launching, there was a tremendous rise in Airtel’s stock, know what is the reason

Telecom Stocks Price in India : 5G service has been launched across the country. Although this service is still in its early stages, 5G service is limited to some cities of the country. There has been a lot of enthusiasm among telecom companies regarding 5G service. Before the launch of the same 5G service, the share price of this telecom company has seen a lot of increase. This has resulted in huge profits for the investors.

Airtel shares rose

5G service has been launched in the country on 1 October 2022. Earlier on 30 September 2022, there was a spectacular rise in the share of the telecom company Airtel. Airtel Share Price touched its all-time high price along with 52 week high and the share has crossed Rs 800.

now the price

On 30 September 2022, the low price of Airtel’s stock has been Rs 761.45 on NSE and its high price has been Rs 809. In such a situation, the stock has seen an increase of more than Rs 47 in 1 day itself. Rs 809 is also the 52 week and all time high of Airtel. At the same time, the closing price of this stock has been Rs 799.60.

5G service by March 2024

At the same time, Airtel, one of the country’s leading telecom companies, has also told about its future plans related to 5G services. Sunil Bharti Mittal, Chairman of Bharti Airtel says that Bharti Airtel has started 5G telecom services in 8 cities including 4 metros. He said that the company plans to provide these services across the country by March 2024.

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