Vodafone Idea up 12%, hits 21-month high on hopes of equity infusion by Dec

A combined 774 million equity shares, representing 1.6 per cent of total equity of Vi, changed hands on the NSE and BSE till 12:57 PM

Shares of Vodafone Idea (Vi) rallied 12 per cent to hit a fresh 21-month high of Rs 13.36 on the BSE in Wednesday’s intra-day trade amid heavy volumes.

The stock of the telecom services provider was quoting at its highest level since January 2022. In the past two trading days, it has surged 15 per cent. The stock surpassed its previous high of Rs 12.45 touched on September 27, 2023.

At 12:57 PM; shares of Vi was quoting 11.8 per cent higher at Rs 13.29 as compared to a 0.2 per cent decline in the S&P BSE Sensex. The average