New Delhi: Vodafone Shares Ideas Ltd on Thursday reached a height of 52-weeks on the stock exchange after the stock raises more than 16 percent, in the midst of reporting that the company has accumulated enough funds for interest payments owed within the bond limits within the deadline.
.
In BSE, stocks jumped 16.51 percent to 52 weeks by RS 16.65.
It was then traded at Rs 16.37, up 14.56 percent as long as it was closed before.
In NSE, shares rose 16.43 percent to 52 weeks high value of Rs 16.65.
According to certain media reports, the company has succeeded in raising funds for interesting payments for bondholders by almost Rs 6,000 Crore.
Stock has uptrend for the past few days.
Some other factors that might have an impact on shares positively include the company’s sustainable efforts to increase their income, including the recent increase in tariffs, traders said.
Last month, telecommunication operators driven by debt announced an increase in cellphone calls and data rates across a plan of 18-25 percent for prepaid customers, with the effect of November 25.