Vodafone Idea soars 12% to hit a 52-week high; stock up 32% this week

According to report, the Department of Telecommunications (DoT) has started releasing bank guarantees (BGs) issued by Bharti Airtel and Vodafone Idea.

Shares of Vodafone Idea (VIL) hit a fresh 52-week high of Rs 14.34 after they rallied 12 per cent on the BSE in Friday’s intra-day trade. The stock has surged 32 per cent so far this week. Besides, the stock of the telecom services provider has crossed its 52-week high level of Rs 13.80, touched on January 15, 2021, and has hit the highest level since June 2019.

Till 03:02 pm; a combined 874 million shares changed hands on the NSE and BSE. The stock trades in the futures & option (F&O) segment, which has no circuit limits. In