hometelecom NewsVodafone fails to sustain early gains; stock falls 3%

Vodafone fails to sustain early gains; stock falls 3%

Vodafone fails to sustain early gains; stock falls 3%
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By CNBCTV18.com Oct 12, 2021 10:54:00 AM IST (Published)

Shares of Vodafone Idea rose nearly 3 percent on Tuesday after CNBC-TV18 reported that K M Birla is likely to infuse a token sum of less than Rs 1,000 crore in the telecom company. However, the stock failed to hold on to the initial gains and slipped into the red.

Shares of Vodafone Idea rose nearly 3 percent on Tuesday after CNBC-TV18 reported that KM Birla is likely to infuse a token sum of less than Rs 1,000 crore in the telecom company.

However, the stock failed to hold on to the initial gains and slipped into the red. The stock fell over 3 percent intraday. At 10:18 am, shares of Vodafone Idea were 1.5 percent lower at Rs 10.70.
Shares of Vodafone Idea have been losing for the last two days and has fallen more than 6 percent during the period.
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