Vodafone Idea share price rose as much as 20 percent Wednesday, outperforming Sensex that was up over 1 percent. At 15:15 IST, the stock price was trading 14 percent higher at Rs 12.65 on the Bombay Stock Exchange.
Vodafone Idea shares surged as much as 20 percent to Rs 13.25 Wednesday as an overall recovery in the stock market lifted the stock already buoyed by the tariff hike cheer. The stock is trading close to the 52-week high of Rs 13.80 it hit in January 2021.
The stock price surged to a ten-month high during the session. In the past five trading sessions, the VI stock price has rallied nearly 15 percent after the company increased prepaid tariff by 20-25 percent, with effect from November 25.
At 15:15 IST, the stock price was trading 14 percent higher at Rs 12.65 on the Bombay Stock Exchange. In comparison, Sensex, the benchmark index was up over 1.15 percent to 57,772. Its combined trading volume surged to 83 crores, up from 44 crores on Tuesday. The volumes also crossed the monthly average of 34 crores.