Vodafone Idea shares price extend rally, rise 10%

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Recently, Vodafone Idea shares rose 10% on talks of equity infusion by promoters of the cash-strapped telecom operator. And Vodafone Idea share price was trading 9.86% higher at ₹17.60 on BSE.

A total of 109 crore shares traded on the BSE and the NSE combined so far in the day, significantly higher than the one-week average of 69 crore shares and the monthly average of 42 crore shares.

VI share price jumped nearly 15% to a fresh 52-week high of ₹18.42 apiece on BSE Monday. Today’s rally in Vodafone Idea shares comes after the stock  spiked 20% in the previous session.

Vodafone Idea shares have been risen more than 137% in the past six months, and doubling investors’ money. This performance is against Nifty 50’s 13% rise during the same period in the VI.

Vodafone Idea shares were trading 10.6 percent higher at Rs 17.70 on National Stock Exchange(NSE).The year 2023 has been the best year for the stock since it was listed on stock exchanges in 2007.

VI management said that commitment  of ₹2,000 crore by promoters should  close in the December quarter. and The traded volumes of Vodafone Idea share  on the December 29 was 84 crore.

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