Morgan Stanley, Citi, Jefferies: Brokerages decode RJio, Airtel tariff hike

Bharti Airtel, Reliance Jio telecom tariff hike: Bharti Artel and Reliance Jio (R-Jio) announced a hike in tariffs across telecom plans with effect from July 3 and July 1, respectively. While R-Jio announced a hike ranging between 12 – 25 per cent across plans in post market hours on Thursday, June 27, Sunil Mittal-controlled Bharti Airtel followed up with a hike in its key telecom plans on Friday, June 28.

The development triggered an up move in the respective stocks, with RIL hitting an intraday high of Rs 3,129 on the BSE.