Vodafone Idea shares zoom 102% in one year. Is there more steam left after multibagger returns?

Vodafone Idea shares have seen a remarkable run-up, more than doubling investors’ wealth as the stock rallied 102% over the past one year after months of underperformance. Analysts say the bullish structure is likely to remain intact.

After hitting a 52-week low of Rs 6.46 apiece in September last year, Vodafone Idea shares surged around 144% in less than a year to hit a 52-week high of Rs 15.79 apiece earlier last week. The telecom company’s shares have recently benefited from multiple tailwinds.