Vodafone Idea soars 15%, hits fresh 52-week high; stock up 64% in 3-weeks

The shares of the telecom service provider were trading at their highest level since May 7, 2019

Shares of Vodafone Idea (Vi) hit a fresh 52-week high of Rs 16.40, on surging 15 per cent on the BSE in Thursday’s intra-day trade amid heavy volumes after the media report suggest that the company managed to raise funds for repayment of interest to bondholders on time.

The stock of telecom service provider was trading at its highest level since May 7, 2019. It surpassed previous high of Rs 15.88 hit on December 6, 2021. At 10:29 am; Vi was trading 13 per cent higher at Rs 16.18, as compared to 0.46 per cent decline in the S&P