The phone companies in India, like Reliance Jio and Bharti Airtel, are raising their prices. This could make them earn more money from each customer. Investors liked this news and bought more shares, pushing their prices to record highs.

Experts thought the prices would go up after the elections because these companies were making less money. They need money to buy new technologies.

Experts think the price hikes are good and will make the companies' stock prices go up. The telecom industry might become more valuable.

Now that the elections are over and new technologies are bought, phone companies raised prices by 20-25%.

Reliance Jio increased its monthly and yearly plan prices, while Bharti Airtel raised mobile prices by 10-21%. The new prices will start from July 3.

The telecom industry is growing fast in India and is the world's second biggest with 1.091 billion users as of April 2024.