Economy
Vodafone Idea Shares Surge Over 60 Percent in Past Six Months

Vodafone Idea Shares Surge Over 60 Percent in Past Six Months

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THE BRIEF
1

Vodafone Idea shares have risen over 60 percent in the last six months, climbing from ₹9.27 to ₹14.96 on the NSE.

2

Market experts attribute the stock's upward trend to strong government support, including the conversion of adjusted gross revenue dues into equity which made the government the company's single largest shareholder.

3

Analysts note that the stock has strong resistance at ₹17, with potential to test ₹21 if it breaks above this hurdle, while advising stop-losses at ₹13.50 or ₹11.