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IDEA witnessed a break out gap with top most volume today. The important reason being its merger with vodafone which will lead to a combined enterprise making it an Industry leader increasing 43% revenue in its market share and help in having a good position in the market. The shares of Idea today surged 29% in BSE where the impact of merger would further escalate competition for Reliance Jio. The IDEA stock ended as major gainer attracting investors for high volume inestments.
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Telecommunications industry is under consolidation.. all regional and small players will be taken over by the large companies.
Till then we(customer) may get good discounts
Happy calling..