Vodafone Idea extends gains for second day, soars 66% from Tuesday's low

Meanwhile, Bharti Airtel hit the high of Rs 550 in Thursday's early morning deals

Shares of Vodafone Idea rose up to 12 per cent to Rs 4.71 on the BSE on Thursday, thus extending its Wednesday’s 38 per cent rally amid reports that the government is unlikely to invoke the company's bank guarantees as of now. The telecom services company's stock has now soared 66 per cent from Tuesday’s intra-day low of Rs 2.83 on the BSE.

Meanwhile, Vodafone Idea chairman Kumar Mangalam Birla and Bharti Airtel chairman Sunil Mittal visited the North Block office of Finance Minister Nirmala Sitharaman on Wednesday to seek relief for the deeply stressed telecom sector, Business Standard