Vodafone Idea stock hits over 3-month high; up 26% in 6 days

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Vodafone Idea stock hits over 3-month high; up 26% in 6 days - Business Standard

Quick Summary:

The company's board is scheduled to meet on Thursday, 13 June 2024, to consider and evaluate proposals for issuance of equity shares and / or convertible securities on a preferential basis to vendors.

In the past six trading days, the stock price of Voda Idea has rallied 26 per cent.

However, the recent fundraise by Voda Idea is expected to make the sector more balanced.“While this can limit market share gain potential for both Airtel and JIO, we expect the three operators to prioritise improvement in their return on capital by raising tariffs.