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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Vodafone Idea shares rally 7% to fresh 52-week high despite market crash. What's behind the surge?

Vodafone Idea VI ICRA the Aditya Birla Group Citi Aditya Birla Group

The shares of Vodafone Idea sharply surged nearly 7% to a new 52-week high of Rs 15.09 apiece on the NSE on Wednesday, even as the Sensex and Nifty crashed, as multiple tailwinds boosted investor sentiment for the telecom major.

The stock has rallied 46% in one month and a whopping 121% in one year. The company currently has a market capitalisation of more than Rs 1.62 lakh crore.

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