Vodafone Idea shares surge 30% in a month. Should you buy or wait for consolidation?

The shares of Vodafone Idea have recorded sharp gains, jumping 30% in one month and more than 50% in four months, with analysts suggesting what investors should do now.

The shares of the telecom company were boosted by multiple tailwinds recently. In the beginning of May, the Department of Telecommunications (DoT) reduced the telco’s adjusted gross revenue (AGR) dues by 27% to ₹64,046 crore as of December 31, resulting in bullish calls for the stock.