Vodafone Idea (Vi) shares continued their winning streak on Friday, locking in a 10% upper circuit as investors showed strong buying interest. This marks the third consecutive session of gains for the telecom operator, which has been in focus due to rising trading volumes and improved market sentiment.
What’s Driving the Rally?
Market experts point to strong investor confidence, likely triggered by optimism around the company’s future fundraising plans and ongoing efforts to strengthen its balance sheet. With the telecom sector witnessing healthy growth in data demand and government support, Vodafone Idea is drawing attention from both retail and institutional investors.
Over the past three trading sessions, Vi has gained more than 20%, reflecting a clear shift in momentum. Traders say the stock’s movement suggests renewed interest from the market after a period of underperformance.
Strong Volumes a Key Factor
Friday’s surge was supported by unusually high trading volumes, indicating active participation by investors. Analysts suggest that such strong volumes during a price rally often highlight sustained buying pressure, which could keep the momentum going in the short term.
The Bigger Picture
Vodafone Idea, which has been struggling with heavy debt and competitive pressure from rivals Jio and Airtel, has been working on strategies to improve its financial health. Recent news around fundraising, tariff hikes, and government relief measures has improved investor sentiment.
While the long-term challenges remain, the latest rally shows that investors are betting on a potential turnaround story for the telecom major.
