Vodafone Idea climbs nearly 10% on tariff hike buzz

NEW DELHI: Shares of Vodafone Idea (Vi) advanced nearly 10 per cent in Tuesday’s trade after reports suggeted that the company is considering increasing tariffs by 15-20 per cent by end of the year or early next year as the loss-making telco walks a tightrope between making a financial recovery and stemming customer losses.

The scrip gained 9.98 per cent to hit an intraday high of Rs 10.02 against the previous close of Rs 9.11. On the other hand, the benchmark BSE Sensex traded 0.31 per cent higher at 43,771.