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