Stock of this telecom services provider has zoomed over 100% in 11 days

The Union Cabinet announced key telecom reforms, including moratorium of telecom dues on, both, AGR and Spectrum for 4 years, which is a key cash flow relief measure for Vodafone Idea

Shares of Vodafone Idea continued their northward movement and were up 10 per cent at Rs 12.37 on the BSE in the intra-day trade on Friday. The stock has zoomed 39 per cent in the past two trading days after the government announced relief package for the telecom sector.

On Wednesday, the Union Cabinet announced key telecom reforms, including moratorium of telecom dues both adjusted gross revenue (AGR) and Spectrum for 4 years, effective October 2021, which is a key cash flow relief measure for Vodafone Idea.

According to ICICI Securities, the option to pay interest through equity