The telecom stock rose from Rs 185 on 26th December 2023 to Rs 225 on 25 January 2024, which translates into an upside of over 21% in a month. The momentum pushed the stock to a fresh 52-week high of Rs 236 on 24th January 2024. It rose over 4% in a week and nearly 30% in the last three months.
The S&P BSE Sensex rose nearly 700 points while the Nifty50 closed with gains of over 200 points. Sectorally, buying was seen in telecom, metal, public sector and oil & gas while banking stocks saw some selling pressure.