Vodafone Idea extends rally into third day ahead of Q4 results on Tuesday

Shares of Vodafone Idea were up 5 per cent to Rs 10.93 in the intra-day trade on the BSE on Monday, in otherwise weak market, ahead of its January-March quarter (Q4FY20) results slated for Tuesday, June 30.

The stock of the telecom services provider was trading higher for the third straight day and has bounced back 18 per cent from Friday’s intra-day low of Rs 9.27 per share. The stock hit a recent high of Rs 12.62 on June 8 in the intra-day trade.

At 02:31 pm, Vodafone Idea was up 4.5 per cent at Rs 10.86 on the BSE, as compared to 0.71 per cent decline in the S&P BSE Sensex. A combined 635 million equity shares have changed hands on the counter on the NSE and BSE till the time of writing of this report.