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Vodafone Idea share price jumps over 4% ahead of FPO
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Vodafone Idea share price jumped over 4% prior to the launch of its follow-on public offer (FPO) today. On Tuesday, April 16, Vodafone Idea garnered around ₹5,400 crore through its follow-on public offering, which was backed by anchor investors such as GQG Partners, UBS Fund Management, Jupiter Fund Management, Fidelity Investments, and Australian Super.
Vodafone Idea share price today opened at an intraday low of ₹13.08 apiece on BSE, the stock touched an intraday high of ₹13.48. According to technical analysts, Vodafone Idea stock is in a short-term consolidation phase.
However, prices have good support in the range of ₹12–11.50, and hence the downside seems to be limited. "Exciting news! Mint is now on WhatsApp Channels
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