Speculative bets rise on Voda Idea as investors, traders eye quick gains

Analysts say retail investors need to be wary as given the large quantum of debt on the company's books, such bets could backfire unless investors are able to efficiently time their entry and exits

Shares of Vodafone Idea have been seeing sharp swings as the stock’s drop to a penny stock has attracted several speculative traders as well as retail investors looking to make quick gains from short moves on the counters.

“There has been lot of speculation over the stock as it is in an industry, where other players are doing well. Its presence in the futures and options (F&O) segment has allowed traders to place bets on the directional move of the stock price in short-term,” said Deepak Jasani, head-retail research at HDFC Securities.