Vodafone Idea (Vi) shares gave investors a surprise on Friday as the stock jumped over 12%, hitting around ₹7.45 on the BSE. This marks the third straight day of gains, bringing some much-needed cheer for the struggling telecom operator.
Why is the Stock Rising? 📈
- Rescue Plan Buzz: Reports suggest that the Indian government may infuse $1 billion (₹8,800 crore) into Vodafone Idea by taking a 12–13% stake. This news has fueled investor optimism.
- Fibre Monetisation: Vi is also in talks with lenders like SBI to raise ₹7,000 crore by monetising its fibre assets. This move is expected to support network expansion and capex plans.
- Quarterly Results: The company posted a smaller-than-expected loss of ₹66,000 crore (approx), thanks to recent mobile tariff hikes.
The Bigger Picture 🔍
While the rally is exciting, investors should be cautious. Vodafone Idea’s shares have fallen over 50% in the last year, weighed down by debt, AGR dues, and stiff competition from Jio and Airtel.
Quick Takeaway ✨
The latest surge shows fresh hope for Vodafone Idea’s survival, but long-term challenges remain. All eyes are now on the government’s next move and the company’s ability to secure fresh funds.
