Jio IPO fever grips telecom stocks: Airtel, Vodafone Idea & others rise up to 4%

Telecom stocks rose sharply on Thursday as investors focused on Jio Platforms’ upcoming IPO and its implications for sector valuations.

Nomura estimates Jio’s equity value at Rs 9.8 lakh crore to Rs 10.3 lakh crore, while its analysis suggests Bharti Airtel trades at a discount despite stronger subscriber trends and tariff-hike prospects.