Vodafone Idea Share Price 📈💰
Vodafone Idea, one of India’s leading telecom companies, has been making waves in the stock market with its impressive performance. As of the end of the last trading session of 2023, the company’s shares were trading at ₹16, showcasing a whopping 21% surge. This marks a significant milestone for Vodafone Idea as its shares have reached new heights in just two years.
After 10th January 2022, the company’s shares have consistently traded at their highest levels. On Friday, 29th December 2023, Vodafone Idea’s shares closed at ₹16, reflecting a remarkable 21% increase. On Monday, 1st January 2024, the shares continued to rise, reaching ₹17.4, representing an 8.44% surge. This growth is especially noteworthy considering that the shares were trading at a low of ₹5.70 per share just 52 weeks ago.
In the past year, Vodafone Idea has delivered a remarkable 103% return to its investors. On 30th December 2022, the shares were trading at ₹7.90, and by 29th December 2023, they had surged to ₹16. This translates to an impressive 100% return for investors in 2023 alone. Moreover, in the last 9 months, Vodafone Idea’s shares have provided a staggering 175% return to its investors.
On 31st March 2023, the shares were trading at ₹5.82, and they are now trading at ₹16.02 per share. This surge in share price has prompted a surge in investor interest, as they are now buying shares in large numbers. The company’s promoters have also initiated discussions to raise funds. In October 2023, Vodafone Idea’s management board announced plans to raise ₹2,000 crores during the December 2023 quarter.
Vodafone Idea currently carries a significant amount of foreign debt, but the company is actively working towards raising capital. In the September 2023 quarter, the company made a payment of ₹1,701 crores to the Department of Telecommunications in India.
With its impressive performance and plans for capital infusion, Vodafone Idea is undoubtedly one to watch in the stock market. Investors are keeping a close eye on the company’s shares as it continues to make strides in the telecom industry.
So, if you’re looking for an investment opportunity with the potential for high returns, Vodafone Idea shares could be the perfect option for you. Stay tuned for further updates on this exciting stock! 💼📈💰
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
