Vodafone Idea hits 52-week high; stock zooms 69% in three months

Shares of Vodafone Idea hit a 52-week high of Rs 13.53, up 10 per cent, on the BSE in Friday’s intra-day trade on the back of heavy volumes in an otherwise weak market. The telecom services provider’s stock surpassed its previous high of Rs 13, touched on September 4, 2020.

At 11:07 am, the stock was trading 7 per cent higher at Rs 13.13 on the BSE against a 0.7 per cent decline in the S&P BSE Sensex. A combined 733 million equity shares changed hands on the counter on the NSE and BSE, the exchange data shows.

In the past three months, Vodafone Idea’s stock has zoomed 69 per cent as compared to a 24 per cent rise in the benchmark index. Its peer Bharti Airtel has rallied 50 per cent, while Reliance Industries was down 11 per cent during the same period.