Voda Idea zooms 15% as govt grants relief; stock surges 72% in 10 days

The government announced a relief package for the telecom sector, providing a near term liquidity solution, particularly helpful to VIL, and addressed multiple long term issues of the sector.

Shares of Vodafone Idea (VIL) were locked at the 15 per cent upper circuit at Rs 10.25 on the BSE in early trades on Thursday after the Union Cabinet on Wednesday announced key telecom reforms, including moratorium of telecom dues both adjusted gross revenue (AGR) and Spectrum for 4 years.

As of 09:35 am; a combined 106 million shares changed hands at the counter and there were pending buy orders for 96 million shares on the NSE and BSE. The stock of telecom services provider trades in the futures & option (F&O) segment, which has no circuit limits. With