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Vodafone Idea's stellar show at bourses may pause. Here's why

Updated : November 25, 2019 06:37 AM IST

Vodafone Idea's share price nearly doubled during the past week in expectation of a government relief package for the struggling telecom sector.
Despite a relief by the government in the form of a two-year moratorium on spectrum-related dues which is tantamount to Rs 42,000 crore financial support to the stressed sector, Crisil on Friday (after market hours), downgraded Vodafone Idea's rating on non-convertible debentures of Rs 3,500 crore.
Vodafone Idea's share price had almost doubled and closed at Rs 6.55 apiece on Friday.
Vodafone Idea's stellar show at bourses may pause. Here's why

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