Vodafone Idea stock opened higher again this Monday, pushing toward ₹7.50 after notching nearly 20% gains in just five trading days. The momentum comes as the market digests last week’s shareholder nod on the company’s ambitious ₹20,000 crore funding plan, a move that seems to have cracked open the optimism floodgates.
This is no ordinary bounce. It’s the kind that hints at a sentiment shift.
What’s Driving Vodafone Idea’s Sudden Run?
Vodafone Idea’s stock wasn’t exactly on traders’ radar a few weeks ago. But that changed quickly. Over the past week:
- Investors approved the ₹20,000 crore capital raise, unlocking fresh liquidity to fund capex and keep debt pressure in check.
- Bulls began front-running 5G rollout expectations, betting that the company might finally turn the corner operationally.
- Global sentiment also helped, Vodafone Group’s own moves abroad fed into a broader telecom tailwind.
- And let’s not ignore the retail crowd. Volumes have jumped, with high-frequency buyers chasing the breakout.
Vodafone Idea’s Chart Analysis
- Current price: ₹7.47
- Immediate resistance: ₹7.60
- Next hurdle: ₹7.95
- Support ₹7.20, then ₹6.85
Conclusion
Vodafone Idea stock is now among the top gainers on the Nifty, and the momentum isn’t just technical, it’s rooted in revived investor confidence. The approval of the ₹20,000 crore funding plan is being seen as a turning point, not just a headline. If bulls can hold above ₹7.20 and breach ₹7.60 soon, this rally could attract broader institutional interest and reprice the stock meaningfully over the coming weeks.
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