Vodafone Idea stock hits over 3-month high; up 26% in 6 days

Shares of Vodafone Idea (VIL) hit a three-month high of Rs 16.70, gaining 3 per cent on the BSE in Wednesday’s intra-day trade on expectations of earnings improvement. The stock was trading at its highest level since February 27, 2024. It had registered its 52-week high of Rs 18.42 on January 1, 2024. In the past six trading days, the stock price of Voda Idea has rallied 26 per cent.

In the past two trading days, the stock of telecom services provider rallied 6 per cent after the company said its board is scheduled to meet on Thursday, 13 June 2024, to consider and evaluate proposals for issuance of equity shares and / or convertible securities on a preferential basis to vendors.