Vodafone Idea, Bharti Airtel shares zoom up to 30 pc

Shares of Vodafone Idea and Bharti Airtel on Tuesday jumped up to 30 per cent on Tuesday after both the companies announced a hike in mobile phone call and data charges from December.

Vodafone Idea zoomed 29.75 per cent to Rs 5.80 on the BSE.

Bharti Airtel jumped 6.31 per cent to Rs 435 – its 52-week high.

Faced with intense competition and unprecedented statutory dues, Bharti Airtel and Vodafone Idea on Monday announced a hike in mobile phone call and data charges from December saying the increase was warranted for viability of their business.

First, Vodafone Idea in a statement announced plans to raise tariffs for the first time in three years only to be followed by a similarly worded statement minutes later from Airtel.