Vodafone Idea shares rally over 3% after narrowing Q1 losses, should you invest?

Shares of telecom company Vodafone Idea (VIL) on Wednesday rose 3.5% to its day’s high of Rs 16.03 on BSE after the firm narrowed its losses to Rs 6,432 crore for the first quarter ended June 2024, compared to Rs 7,840 crore in the last year quarter.

Revenue from operations in the reporting period declined marginally year-on-year (YoY) by 1.38% to Rs 10,508 crore. This compares to Rs 10,655 crore in the last year.