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Telecom stocks back in favour, outperform Sensex

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Beaten down telecom stocks Bharti Airtel Ltd and Vodafone Idea Ltd seem to have turned a corner, outperforming the benchmark indices this year, as price hikes and large investments in the sector have improved the outlook for the sector.

So far this year, as covid-19 led disruptions led to massive sell-off, the benchmark Sensex is down 17% while the BSE Telecom index has gained around 15%.

This is a significant departure from the trend in the last two years, which saw telecom stocks underperform the benchmark. In 2018, the BSE Telecom index had lost 41% while Sensex was up around 6%.

Shares of Bharti Airtel have jumped 21% while Vodafone Idea shares gained around 32% so far this year. Investors are looking at the once beleaguered sector

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
Thousands in Scotland living with undiagnosed disease as sufferers warn of symptoms
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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