Vodafone Idea share price jumps 3%, rises for 2nd day despite ₹638-crore tax order

Shares of Vodafone Idea extended their winning run to the second day on Friday, January 2, despite a ₹638-crore GST penalty order, as investors continued to cheer the sizeable promoter-led capital infusion aimed at strengthening its balance sheet and assessed the relief announced by the government for the debt-ridden telco.

Vodafone Idea share price jumped another 3% to hit the day’s high of ₹11.95 on the BSE in early morning trade.