Voda Idea stock tops Rs 10-mark after 16 weeks; chart say can rise more 23%

Vodafone Idea stock today, on Monday, topped the Rs 10-mark for the first time since October 04, 2024; i.e. after 16 trading weeks. Prior to which, the Voda Idea stock had consistently managed to sustain above this psychological mark for more than a year.

Today’s 15 per cent surge was triggered on reports that the government was considering a proposal to waive 50 per cent of interest and 100 per cent of penalties and interest on penalties that make up a bulk of the AGR dues levied on telcos.