Voda Idea shares surge 13% from day’s low as SC sees no impediment with Centre reconsidering issue

Shares of beleaguered telecom company Vodafone India witnessed a sharp U-turn, gaining as much as 13.3% from the day’s low to hit a fresh 52-week high of Rs 10.52 on the NSE, after the government informed the court that it is willing to examine the issues raised by the company and is also prepared to reconsider the matter and take an appropriate decision, subject to the court’s permission. The stock opened in the red, down 2% to its day low of Rs 9.28.