Vodafone Idea has been surging in trade: Here are the key triggers

The share price of Vodafone Idea Limited has crossed the Rs 12.5-mark. While the stock has momentum, it has delivery backing it as well.

On Friday, nearly 24 crore shares were marked for delivery which compares with Rs 12 crore in terms of the average of the entire last week, which itself was 50 percent higher than the December average of 8.5 crore shares.

The key triggers are the appeal of recalculation of adjusted gross revenue (AGR) dues that can give the company more breather and the news reports suggesting the company is mulling fund-raising.