Vodafone Idea zooms 9% on heavy volumes, hits highest level since May

Shares of Vodafone Idea rallied 9 per cent to Rs 9.92 on the BSE in Wednesday’s intra-day trade, in an otherwise weak market, amid heavy volumes. The stock of the telecom services provider was trading at its highest level since May 31, 2022, when it had hit a high of Rs 10.23 in the intra-day deals.

At 10:22 am, Vodafone Idea was traded 7 per cent higher at Rs 9.81, as compared to 0.49 per cent decline in the S&P BSE Sensex. A combined 206 million equity shares of the company changed hands on the NSE and BSE within an hour of trading. On an average, a combined sub 200 million shares traded on the counter in the past two weeks, the exchanges data shows.