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Telecom stocks rally; Vodafone Idea surges 17%, Bharti Airtel up 2%

The telecom companies are awaiting the Supreme Court's judgement in the adjusted gross revenue (AGR) case

telecom, telcos
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The telecom industry lost over 56 lakh wireless subscribers in May amid the nationwide lockdown

Chirinjibi Thapa New Delhi
Telecom stocks advanced at the bourses in Friday's trade, led by Vodafone Idea which surged as high as 17.45 per cent to Rs 10.43 on the BSE. The S&P BSE Telecom index, up 3.44 per cent, was the top sectoral gainer at 11:30 AM. In comparison, the benchmark S&P BSE Sensex was trading 0.8 per cent higher.

Among other individual stocks, Bharti Infratel rose 6.75 per cent to Rs 213.35 while Bharti Airtel gained 2.86 per cent to Rs 525.65. Reliance Industries, meanwhile, was trading 0.9 per cent higher at Rs 2,131.

The telecom companies are awaiting the Supreme Court's

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