Vodafone Idea share price rebounds from intraday low despite weak subscriber data; telecom stock down 27% in 3 months

Vodafone Idea share price recovered from the day’s low to trade over 1% higher on Thursday. The telecom stock opened higher at ₹6.99 on the BSE, compared to its previous close of ₹6.93, and touched an intraday low of ₹6.93. However, Vodafone Idea share price rebounded to a high of ₹7.05, up 1.73%.

The recovery in Vodafone Idea shares comes amid sustained selling pressure in recent months. Vodafone Idea shares have plunged 27% in the last three months and are down 13% year-to-date. Over the past year, the telecom stock has declined 45%, although it has delivered 67% returns over the last five years.