The shares of Vodafone Idea have more than doubled in a year, jumping more than 120% to turn into a multibagger stock after long months of underperformance.
After hitting a 52-week low of Rs 6.46 apiece in September last year, Vodafone Idea shares skyrocketed around 138% in less than a year to hit a 52-week high of Rs 15.37 apiece earlier this week. The telecom company's shares were recently boosted by multiple tailwinds.