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Vodafone-Idea is one of the few companies that has returned nearly 100 percent to investors in the last 4 months. Shares of the company opened at Rs 14.10 on Friday. After some time it had reached the level of Rs 14.45 with an increase of 4 percent. This is the company’s highest level in 22 months. There are two reasons for the rise in the company’s shares. The first reason is institutional buying and secondly, the promoters are expected to invest funds in the company.
Government gift before Diwali, interest money deposited in employee accounts
The month of November has also been amazing
During the last 8 trading sessions, the share price of Vodafone Idea has seen an increase of around 22 percent. While Sensex has seen an increase of 1.2 percent during this period. Currently, the shares of the company have managed to cross the level of 10 January 2022. Let us tell you that Vodafone Idea’s positional investors have seen positive returns for the seventh consecutive month.
Also read: The shares are going to be split into 10 pieces, 4 months ago the IPO came
Money doubles in 6 months
The share price of Vodafone Idea has seen an increase of over 100 percent in the last 6 months. According to Treddlyne data, the company’s shares have managed to rise more than 67 percent in the last 3 months. Let us tell you that the company’s 52-week high in the stock market is Rs 5.70.
Shares of Vodafone Idea were trading at Rs 13.73 at market close on Friday. While the market cap is Rs. 66,837.21 crores.