Key Highlights:

  • RIL's share price gained by nearly 7% in two weeks
  • Analysts have raised target price of RIL
  • Analysts believe TRAI's cut in IUC will be most beneficial for RJio

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The Telecom Regulatory Authority of India (TRAI), on September 19, decreased the interconnect usage charges (IUC) from 14 paisa per minutes to 6 paisa per minute with effect from October 1, 2017. This would be further reduced to zero from January 01, 2020.

Following this, the share price of RIL jumped to a new high of Rs 872-per piece on September 20, 2017. With this performance, RIL gave nearly 7% return since the time it started trading ex-bonus on September 07, 2017.