Voda Idea rallies 19%, hits highest level since Jan 2022 on heavy volumes

Shares of Vodafone Idea (Vi) surged 19 per cent on Friday to hit the highest level in nearly 2 years. The stock touched Rs 15.80 on the BSE on heavy volumes. This was its highest level since January 10, 2022.

The stock of the telecom services provider surpassed its previous high of Rs 15.07 touched on November 20. The average trading volumes on the counter jumped almost three-fold today.

A combined 1,321 million equity shares, representing 2.7 per cent of total equity of Vi, changed hands on the NSE and BSE till 01:55 PM. In comparison, the S&P BSE Sensex was down