Up 30% from lows; is Vodafone Idea share price headed towards Rs 10-mark?

Shares of Vodafone Idea have surged up to 30 per cent in the last few trading sessions after the Union Cabinet agreed in-principle to waive-off bank guarantee requirements for deferred spectrum payments by telecom operators.

The stock rose from a low of Rs 6.60 on November 22, rallied to a high of 8.60 on November 28, post the relief news. At 10 AM on Monday today, Voda Idea stock was seen trading marginally in the negative zone at Rs 8.30 levels.