Vodafone Idea rises 6% in weak market; stock surges 12% in 5 days

Shares of Vodafone Idea, the debt-laden telecom services provider, jumped 6 per cent to Rs 8.43 apiece on the BSE in Friday’s intraday trade, in an otherwise weak market.

Including today’s gains, the stock has rallied 11.5 per cent so far this week. By comparison, the benchmark S&P BSE Sensex has slipped 0.6 per cent during this period.

At 10:20 AM, the stock the telecom company was up 5.3 per cent as against 0.56 per cent dip in the Sensex index. Shares of Reliance Industries, meanwhile, were up 0.03 per cent, and those of Bharti Airtel were down 0.57 per cent.