Vodafone Idea Share: There is a tremendous rise in the shares of telecom company Vodafone Idea. This stock has increased by more than 30 percent in just 2 days. On Friday, the Voda Idea stock had hit an upper circuit of 20 percent, whereas even today this share has gone above 10%.
There was a huge decline in the shares of Vodafone Idea in the last 4-5 years. This stock had fallen badly due to the debt of the company. But, in the last one year this stock has risen by 102 percent i.e. it has doubled the investors’ money.
The rise in share price is the result of alleged equity investment by the promoters of the company. The market is still waiting for clarity on the company’s fund raising plans. The management had told about this in the September quarter. During this, the promoters had said that they would invest up to ₹2,000 crore by the end of the December quarter.
At this year’s India Mobile Congress, Vodafone Idea Chairman Kumar Mangalam Birla had said that the company will make significant investments in the next few quarters for 5G rollout. However, no timeline was given for this.
