Vodafone Idea stock rallies for a fourth straight session; gains over 17%

Shares of Vodafone Idea remained in heavy demand on Wednesday closing with up to 17.4 per cent gains after the company announced a hike in mobile phone call and data charges from December.

Rising for the fourth consecutive session, Vodafone Idea shares advanced 17.44 per cent to close at Rs 7.07 on the BSE. During the day, it jumped 31.72 per cent to Rs 7.93. In four sessions, the stock price has more than doubled.

However, Bharti Airtel, which rose 3.11 per cent to its 52-week high of Rs 452.95 during the day, later erased its early gains and ended at Rs 437.25, down 0.46 per cent as compared with the previous close.