Vodafone Idea shares surge 35% in 6 days in hope of govt support

As the industry continues to remain under unsustainable financial duress, the company is hopeful that the government will provide the necessary support to address all structural issues

Shares of Vodafone Idea soared 14.48 per cent to Rs 8.30 on the BSE on Tuesday amid heavy volumes in an otherwise subdued market. Since August 31, Vodafone Idea has gained over 35 per cent as the telecom company said it is hopeful that the government will provide the necessary support to address all structural issues faced by the sector. Other telecom stocks – Bharti Airtel and Reliance (Jio) – where also in the green.
 
As part of providing relief to the telecom sector, the Union government would likely encourage companies to monetise their assets, via InvIT and REIT