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Vodafone Idea extends rally, zooms 129% in 10 trading sessions

The sharp rally in the past couple of weeks has been fuelled by reports that global technology giant Google is in talks to buy a 5 per cent stake in the company.

Topics
Vodafone Idea | Buzzing stocks | Markets

SI Reporter  |  Mumbai 

Shares of Vodafone Idea continued their northward movement, and were trading higher for the 10th straight session on the National Stock Exchange (NSE). The stock price surged 20 per cent to Rs 12.60 on the NSE on Monday in the early morning trade.

In the past 10 sessions, the stock price of the telecom services provider has zoomed 129 per cent from level of Rs 5.50 hit on May 26, as compared to 12 per cent rise in the Nifty 50 index. It is trading close to its 52-week high of Rs 14 touched on June 6, 2019. The stock is trading above its rights issue price of Rs 12.50 per share for the ...

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First Published: Mon, June 08 2020. 10:23 IST
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