Vodafone Idea surges 14% on heavy volumes, stock at 9-month high

Shares of Vodafone Idea hit a fresh nine-month high of Rs 12.39, surging 14 per cent on the BSE in Monday’s intra-day trade on back of heavy volumes. In the past six trading days, the stock of telecom services provider has rallied 24 per cent after the company increased its prepaid tariff by 20-25 per cent from November 25, 2021.

The stock was trading at its highest level since February 12, 2021. It had hit a 52-week high of Rs 13.80 on January 15, 2021. At 9:48 am, Vodafone Idea had pared some of its gains and was up 6 per cent at Rs 11.54 on the BSE. In comparison, the S&P BSE Sensex was up 0.12 per cent at 57,177. The counter has seen huge trading volumes with a combined 498 million equity shares changing hands on the counter on the NSE and BSE.