Despite positive news flow, analysts still cautious on Voda Idea stock

Vodafone Idea's market share loss, according to reports, has continued in the first half of fiscal 2021-22 (H1-FY22) though the pace of market share loss has moderated

Shares of Vodafone Idea (Vi) hit a fresh 52-week high of Rs 16.40, surging 15 per cent on the BSE in Thursday’s intra-day trade amid heavy volume. In comparison, the S&P BSE Telecom index dipped 0.46 per cent in intra-day trade.

The rally on Thursday came on the back of reports that Vodafone Idea has managed to raise funds for repayment of interest to bondholders amounting to around Rs 6,000 crore starting December 13 till March 2022. READ ABOUT IT HERE

The markets took the development positively and catapulted the stock to its highest level since