Vodafone Idea share price jumps 17% to 52-week high; gives over 94% return this year

Department week

29.12.2023 - 08:14

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livemint.com:

₹15.54 apiece on the BSE. The traded volumes of Vodafone Idea shares on December 29 was 84 crore. Vodafone Idea shares have jumped 30% in the past three months and more than 94% year-to-date (YTD).

The year 2023 has been the best year for the stock since it was listed on the stock exchanges in 2007. The recent upmove in Vodafone Idea share price comes amid talks of equity infusion by the promoters of the company. In October 2023, Vodafone Idea management said that the commitment of ₹2,000 crore by the promoters should close in the December quarter.

The management is also in talks with vendors for 5G rollout. The telecom operator is also reducing its debts. It made the payment of ₹1,701 crore to the Department of Telecom (DoT) in September this year.

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