Vodafone Idea soars 15% on heavy volumes in sharpest intra-day gain of 2022

The debt-ridden telecom operator expects the government to complete conversion of around Rs 16,100 crore dues into 33 per cent stake in the company in the coming weeks, reported news agency PTI.

Shares of Vodafone Idea (Vi) moved 15 per cent higher to Rs 9.57 on the BSE in Monday’s intra-day trade on the back of heavy volumes. With this, the stock of the telecom services operator recorded its sharpest intra-day rally during calendar year 2022.
On December, 31, 2021, Vi had gained 13 per cent in intra-day trade on the BSE.

At 01:45 pm; the stock was trading 14 per cent higher at Rs 9.50, as compared to a 0.54 per cent rise in the S&P BSE Sensex. In the past two trading days, Vi surged 17 per cent. A